Summit Street Capital Management LLC Purchases 20,620 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Summit Street Capital Management LLC increased its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,106 shares of the semiconductor company's stock after purchasing an additional 20,620 shares during the period. Kulicke and Soffa Industries makes up approximately 2.4% of Summit Street Capital Management LLC's portfolio, making the stock its 23rd largest position. Summit Street Capital Management LLC owned about 0.27% of Kulicke and Soffa Industries worth $6,864,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KLIC. Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries during the fourth quarter worth approximately $37,000. Signaturefd LLC grew its holdings in Kulicke and Soffa Industries by 35.5% during the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 278 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Kulicke and Soffa Industries by 397.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock worth $53,000 after acquiring an additional 918 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Kulicke and Soffa Industries by 43.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after acquiring an additional 371 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Kulicke and Soffa Industries by 27.0% in the 4th quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock valued at $95,000 after buying an additional 434 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on KLIC shares. DA Davidson dropped their price target on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. 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. Finally, TD Cowen reduced their target price on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $44.50.

Kulicke and Soffa Industries Price Performance

Shares of KLIC traded down $0.72 during mid-day trading on Wednesday, hitting $32.54. 489,251 shares of the company's stock were exchanged, compared to its average volume of 564,472. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $53.71. The company has a 50-day simple moving average of $32.44 and a 200 day simple moving average of $40.71. The company has a market cap of $1.72 billion, a PE ratio of 271.17 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 0.48% and a negative return on equity of 1.26%. The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.95) EPS. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio is presently 227.78%.

Kulicke and Soffa Industries 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.