Woodline Partners LP Lowers Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Woodline Partners LP cut its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 68.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,211 shares of the semiconductor company's stock after selling 63,690 shares during the period. Woodline Partners LP owned about 0.05% of Kulicke and Soffa Industries worth $1,363,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KLIC. The Manufacturers Life Insurance Company increased its holdings in shares of Kulicke and Soffa Industries by 68.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock worth $82,220,000 after buying an additional 717,832 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Kulicke and Soffa Industries during the 4th quarter valued at about $24,109,000. Point72 Asset Management L.P. bought a new position in Kulicke and Soffa Industries during the 4th quarter valued at about $22,134,000. Millennium Management LLC grew its holdings in Kulicke and Soffa Industries by 286.1% during the 4th quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company's stock valued at $19,747,000 after purchasing an additional 313,595 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in Kulicke and Soffa Industries by 354.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 212,119 shares of the semiconductor company's stock valued at $9,897,000 after purchasing an additional 165,431 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. DA Davidson cut their price target on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC cut their price target on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. TD Cowen cut their price target 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. Finally, 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Kulicke and Soffa Industries Price Performance

KLIC stock traded down $0.12 during mid-day trading on Friday, reaching $32.61. The company had a trading volume of 131,814 shares, compared to its average volume of 564,231. The company has a market capitalization of $1.72 billion, a PE ratio of 271.80 and a beta of 1.53. The firm has a 50 day moving average of $31.88 and a 200 day moving average of $40.01. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $53.71.

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

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were paid a $0.205 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.51%. Kulicke and Soffa Industries's dividend payout ratio is currently 227.78%.

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.