Two Sigma Investments LP Decreases Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Two Sigma Investments LP reduced its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 35.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,300 shares of the semiconductor company's stock after selling 58,779 shares during the period. Two Sigma Investments LP owned approximately 0.20% of Kulicke and Soffa Industries worth $5,007,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KLIC. Summit Securities Group LLC bought a new position in Kulicke and Soffa Industries in the 4th quarter worth about $37,000. Signaturefd LLC lifted its holdings in shares of Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after buying an additional 278 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Kulicke and Soffa Industries by 397.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock valued at $53,000 after acquiring an additional 918 shares during the period. Quadrant Capital Group LLC increased 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 during the period. Finally, Covestor Ltd lifted its stake in Kulicke and Soffa Industries by 27.0% in the 4th quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock worth $95,000 after purchasing an additional 434 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Needham & Company LLC reduced their price target on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. DA Davidson decreased their target price on 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 raised 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 objective on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a report 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Kulicke and Soffa Industries Stock Down 1.3%

NASDAQ:KLIC traded down $0.42 during midday trading on Friday, hitting $32.30. The company had a trading volume of 793,518 shares, compared to its average volume of 566,784. The company has a market capitalization of $1.70 billion, a PE ratio of 269.17 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71. The stock's fifty day moving average price is $31.80 and its 200-day moving average price is $39.81.

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 (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 for the quarter, compared to analysts' expectations of $165.10 million. During the same quarter in the previous year, the company earned ($0.95) earnings per share. The business's quarterly revenue was down 5.9% on a year-over-year basis. As a group, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's payout ratio is 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.