Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Holdings Lifted by Summit Street Capital Management LLC

Summit Street Capital Management LLC lifted its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 16.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 147,106 shares of the semiconductor company's stock after purchasing an additional 20,620 shares during the quarter. Kulicke and Soffa Industries comprises approximately 2.4% of Summit Street Capital Management LLC's holdings, making the stock its 23rd largest holding. Summit Street Capital Management LLC owned approximately 0.27% of Kulicke and Soffa Industries worth $6,864,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in Kulicke and Soffa Industries during the fourth quarter valued at approximately $37,000. Signaturefd LLC raised its position in Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 278 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Kulicke and Soffa Industries by 397.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock worth $53,000 after purchasing an additional 918 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Kulicke and Soffa Industries by 43.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after buying an additional 371 shares during the period. Finally, Covestor Ltd boosted its position in shares of Kulicke and Soffa Industries by 27.0% in the fourth quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock worth $95,000 after buying an additional 434 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Trading Down 2.2%

NASDAQ KLIC traded down $0.70 during trading hours on Friday, reaching $31.56. 100,315 shares of the company traded hands, compared to its average volume of 563,233. The stock has a market capitalization of $1.67 billion, a PE ratio of 263.00 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $53.71. The company has a 50 day moving average of $32.27 and a two-hundred day moving average of $40.56.

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) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The firm had revenue of $161.99 million during the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.95) earnings per share. On average, equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 227.78%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Needham & Company LLC reduced their price target on 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. DA Davidson dropped their price objective 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. Wall Street Zen upgraded shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, TD Cowen cut their price target on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Kulicke and Soffa Industries Company Profile

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.