Hsbc Holdings PLC raised its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 299.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,113 shares of the semiconductor company's stock after purchasing an additional 24,083 shares during the period. Hsbc Holdings PLC owned 0.06% of Kulicke and Soffa Industries worth $1,506,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth $37,000. GAMMA Investing LLC increased its position in shares of Kulicke and Soffa Industries by 61.0% in the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 387 shares in the last quarter. Signaturefd LLC raised its stake in shares of Kulicke and Soffa Industries by 35.5% in the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 278 shares during the period. Smartleaf Asset Management LLC lifted its holdings 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 valued at $53,000 after acquiring an additional 918 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position 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 purchasing an additional 371 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Needham & Company LLC reduced 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. TD Cowen dropped 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 research note on Wednesday. Finally, StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.75.
Check Out Our Latest Stock Report on KLIC
Kulicke and Soffa Industries Stock Up 1.7 %
Shares of NASDAQ:KLIC traded up $0.53 during trading on Thursday, hitting $31.38. 136,818 shares of the company traded hands, compared to its average volume of 625,421. The business's fifty day moving average is $33.01 and its 200-day moving average is $41.44. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 261.50 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $53.71.
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 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 net margin of 0.48% and a negative return on equity of 1.26%. The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.95) earnings per share. On average, analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.
Kulicke and Soffa Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 683.33%.
Kulicke and Soffa Industries Company Profile
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Free Report)
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.
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