UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 144,320 shares of the semiconductor company's stock after acquiring an additional 21,628 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Kulicke and Soffa Industries worth $6,734,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of KLIC. Barclays PLC lifted its position in shares of Kulicke and Soffa Industries by 85.2% during the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock worth $4,361,000 after purchasing an additional 44,429 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Kulicke and Soffa Industries during the 4th quarter valued at $548,000. Rhumbline Advisers increased its holdings in shares of Kulicke and Soffa Industries by 8.2% during the 4th quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company's stock worth $7,628,000 after purchasing an additional 12,355 shares during the period. Empowered Funds LLC bought a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $346,000. Finally, Vanguard Group Inc. lifted its stake in Kulicke and Soffa Industries by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock worth $152,975,000 after purchasing an additional 50,430 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KLIC. Needham & Company LLC cut their target price on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. TD Cowen lowered their target price 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. Wall Street Zen upgraded shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, DA Davidson cut their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Two 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Kulicke and Soffa Industries Trading Up 2.3%

KLIC stock traded up $0.75 during trading on Tuesday, reaching $32.97. 523,807 shares of the stock were exchanged, compared to its average volume of 566,271. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $53.71. The firm's 50 day moving average is $31.73 and its 200 day moving average is $39.71. The firm has a market cap of $1.74 billion, a P/E ratio of 274.75 and a beta of 1.53.

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

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders 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 dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 227.78%.

About Kulicke and Soffa Industries

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.