Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Holdings Decreased by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 76.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,800 shares of the semiconductor company's stock after selling 68,900 shares during the period. Two Sigma Advisers LP's holdings in Kulicke and Soffa Industries were worth $1,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries in the fourth quarter valued at about $37,000. Signaturefd LLC lifted 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 worth $50,000 after buying an additional 278 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 buying an additional 918 shares during the last quarter. Quadrant Capital Group LLC lifted 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 buying an additional 371 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Kulicke and Soffa Industries by 27.0% during the 4th 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 last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KLIC shares. TD Cowen reduced their target price on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Needham & Company LLC reduced their target price on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wall Street Zen raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, DA Davidson cut their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a report 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $44.50.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC traded down $0.51 during mid-day trading on Thursday, hitting $32.90. The company had a trading volume of 1,143,393 shares, compared to its average volume of 569,803. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 274.17 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 firm's 50 day simple moving average is $31.71 and its two-hundred day simple moving average is $39.62.

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

Kulicke and Soffa Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 19th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.49%. Kulicke and Soffa Industries's dividend payout ratio is currently 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.