Teacher Retirement System of Texas Has $943,000 Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Teacher Retirement System of Texas reduced its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 22.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,598 shares of the semiconductor company's stock after selling 8,074 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Kulicke and Soffa Industries worth $943,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Illinois Municipal Retirement Fund lifted its stake in Kulicke and Soffa Industries by 1.9% in the first quarter. Illinois Municipal Retirement Fund now owns 28,663 shares of the semiconductor company's stock valued at $945,000 after acquiring an additional 534 shares during the last quarter. Total Wealth Planning & Management Inc. increased its position in Kulicke and Soffa Industries by 81.0% during the first quarter. Total Wealth Planning & Management Inc. now owns 15,667 shares of the semiconductor company's stock worth $517,000 after acquiring an additional 7,009 shares during the period. Fifth Third Bancorp increased its position in Kulicke and Soffa Industries by 99.7% during the first quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 606 shares during the period. Handelsbanken Fonder AB boosted its stake in Kulicke and Soffa Industries by 30.9% during the first quarter. Handelsbanken Fonder AB now owns 20,774 shares of the semiconductor company's stock worth $685,000 after buying an additional 4,900 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Kulicke and Soffa Industries by 4.5% during the first quarter. Harbor Capital Advisors Inc. now owns 37,971 shares of the semiconductor company's stock worth $1,252,000 after buying an additional 1,642 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KLIC. TD Cowen reduced their target price on shares of 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. DA Davidson reduced 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. Finally, Needham & Company LLC reduced their target price on shares of Kulicke and Soffa Industries from $53.00 to $37.00 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock traded down $0.44 during trading hours on Friday, reaching $35.46. 115,462 shares of the company's stock traded hands, compared to its average volume of 577,828. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $52.08. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 98.52 and a beta of 1.54. The firm's 50 day moving average is $34.31 and its 200-day moving average is $36.78.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). Kulicke and Soffa Industries had a net margin of 3.11% and a return on equity of 0.76%. The business had revenue of $161.99 million for the quarter, compared to analyst estimates of $165.10 million. During the same quarter in the previous year, the company posted ($0.95) earnings per share. The business's revenue for the quarter was down 5.9% on a year-over-year basis. 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 was paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th were given a dividend of $0.205 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.31%. Kulicke and Soffa Industries's payout ratio is presently 227.78%.

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.