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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 144,320 shares of the semiconductor company's stock after acquiring an additional 21,628 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of Kulicke and Soffa Industries worth $6,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KLIC. Summit Securities Group LLC bought a new stake in Kulicke and Soffa Industries during the 4th quarter worth approximately $37,000. Signaturefd LLC raised its stake 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 acquiring an additional 278 shares during the period. Smartleaf Asset Management LLC raised its stake 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 during the period. Quadrant Capital Group LLC raised its stake 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 raised its stake 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 acquiring an additional 434 shares during the period. Institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Performance

KLIC traded down $0.51 during trading on Thursday, reaching $32.90. 1,143,393 shares of the company traded hands, compared to its average volume of 569,803. The firm has a fifty day simple moving average of $31.71 and a 200 day simple moving average of $39.62. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $53.71. The company has a market cap of $1.74 billion, a P/E ratio of 274.17 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted 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 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 analysts' expectations of $165.10 million. During the same period last year, the business posted ($0.95) earnings per share. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, sell-side analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 19th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.49%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 227.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KLIC shares. DA Davidson decreased 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. Needham & Company LLC cut their price objective on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, May 8th. TD Cowen cut their price objective on shares of 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. Finally, Wall Street Zen raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $44.50.

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.