Olstein Capital Management L.P. Increases Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Olstein Capital Management L.P. grew its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 27.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,400 shares of the semiconductor company's stock after purchasing an additional 51,400 shares during the quarter. Kulicke and Soffa Industries makes up approximately 1.5% of Olstein Capital Management L.P.'s investment portfolio, making the stock its 22nd largest holding. Olstein Capital Management L.P. owned approximately 0.45% of Kulicke and Soffa Industries worth $7,928,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Kulicke and Soffa Industries by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock valued at $152,975,000 after purchasing an additional 50,430 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Kulicke and Soffa Industries by 68.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock worth $82,220,000 after buying an additional 717,832 shares during the period. Royce & Associates LP grew its position in Kulicke and Soffa Industries by 4.9% in the 4th quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company's stock valued at $54,379,000 after purchasing an additional 54,116 shares during the period. Northern Trust Corp increased its position in shares of Kulicke and Soffa Industries by 11.8% during the fourth quarter. Northern Trust Corp now owns 734,140 shares of the semiconductor company's stock worth $34,255,000 after acquiring an additional 77,479 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Kulicke and Soffa Industries by 2.2% during the fourth quarter. William Blair Investment Management LLC now owns 708,441 shares of the semiconductor company's stock worth $33,056,000 after buying an additional 15,010 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Up 0.1%

NASDAQ:KLIC traded up $0.05 during mid-day trading on Thursday, hitting $34.78. 469,642 shares of the company traded hands, compared to its average volume of 581,742. The stock's fifty day moving average price is $31.93 and its 200-day moving average price is $39.16. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 289.83 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The business had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. During the same quarter in the previous year, the company earned ($0.95) earnings per share. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. Equities analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 2.36%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is 227.78%.

Analysts Set New Price Targets

KLIC has been the topic of several research reports. Needham & Company LLC lowered their price objective on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. TD Cowen reduced their price target on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Finally, DA Davidson lowered their target price on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $44.50.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.