Voloridge Investment Management LLC Sells 207,109 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

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

Other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of Kulicke and Soffa Industries in the fourth quarter worth $37,000. Signaturefd LLC lifted its position 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 buying an additional 278 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of 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 buying an additional 918 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Kulicke and Soffa Industries by 43.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock valued at $57,000 after acquiring an additional 371 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Kulicke and Soffa Industries by 27.0% during the fourth quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock worth $95,000 after acquiring an additional 434 shares in the last quarter. Institutional investors own 98.22% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KLIC. DA Davidson lowered their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research 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. 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 research report on Thursday, May 8th. Finally, TD Cowen dropped their target price on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock 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 stock. According to MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

Kulicke and Soffa Industries Trading Down 1.3%

Shares of NASDAQ:KLIC traded down $0.42 on Friday, hitting $32.30. The company had a trading volume of 793,518 shares, compared to its average volume of 566,784. The stock has a 50 day moving average price of $31.80 and a 200 day moving average price of $39.90. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 269.17 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results 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). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The company had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. During the same period in the prior year, the company earned ($0.95) earnings per share. The firm's revenue was down 5.9% compared to the same quarter last year. Sell-side analysts anticipate 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 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 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio is currently 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.