Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Holdings Increased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,699,897 shares of the semiconductor company's stock after acquiring an additional 156,144 shares during the period. Victory Capital Management Inc. owned about 5.06% of Kulicke and Soffa Industries worth $89,043,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KLIC. Proficio Capital Partners LLC acquired a new stake in Kulicke and Soffa Industries during the 4th quarter valued at $819,000. Raymond James Financial Inc. acquired a new stake in Kulicke and Soffa Industries during the 4th quarter valued at $2,916,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kulicke and Soffa Industries by 13.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,370 shares of the semiconductor company's stock valued at $1,044,000 after purchasing an additional 2,635 shares in the last quarter. HighTower Advisors LLC grew its holdings in Kulicke and Soffa Industries by 17.9% during the 4th quarter. HighTower Advisors LLC now owns 7,032 shares of the semiconductor company's stock worth $328,000 after acquiring an additional 1,068 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Kulicke and Soffa Industries by 15.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,582 shares of the semiconductor company's stock worth $400,000 after acquiring an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KLIC shares. Needham & Company LLC decreased 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. DA Davidson decreased their price objective on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, TD Cowen decreased 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock traded up $0.24 during trading hours on Monday, reaching $35.66. The company's stock had a trading volume of 422,656 shares, compared to its average volume of 578,920. The company's 50 day simple moving average is $34.38 and its 200 day simple moving average is $36.56. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $52.08. The stock has a market cap of $1.88 billion, a P/E ratio of 295.17 and a beta of 1.54.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.71). The firm had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. Kulicke and Soffa Industries had a net margin of 3.11% and a return on equity of 0.76%. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.95) earnings per share. On average, sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Thursday, June 19th were given a $0.205 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 annualized dividend and a yield of 2.30%. Kulicke and Soffa Industries's dividend payout ratio is presently 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.