Voloridge Investment Management LLC Has $732,000 Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Voloridge Investment Management LLC lessened its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 93.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,694 shares of the semiconductor company's stock after selling 207,109 shares during the period. Voloridge Investment Management LLC's holdings in Kulicke and Soffa Industries were worth $732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of KLIC. Barclays PLC increased its stake in 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 buying an additional 44,429 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $548,000. Rhumbline Advisers lifted its position 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 buying an additional 12,355 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at $346,000. Finally, Vanguard Group Inc. increased its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Up 2.3%

Shares of KLIC traded up $0.75 during mid-day trading on Tuesday, hitting $32.97. The stock had a trading volume of 523,807 shares, compared to its average volume of 567,392. The company has a market cap of $1.74 billion, a PE ratio of 274.75 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $53.71. The company's fifty day simple moving average is $31.70 and its two-hundred day simple moving average is $39.66.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The firm had revenue of $161.99 million for the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The company's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.95) earnings per share. Equities analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend 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 is 227.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen lowered their price objective on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. DA Davidson reduced their price objective on 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. Wall Street Zen upgraded shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Needham & Company LLC decreased their price objective on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Kulicke and Soffa Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

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.