Hsbc Holdings PLC Grows Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Hsbc Holdings PLC raised its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 299.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries in the 4th quarter worth $37,000. GAMMA Investing LLC raised its stake 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 purchasing an additional 387 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 278 shares during the period. Smartleaf Asset Management LLC boosted its position in Kulicke and Soffa Industries by 397.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock valued at $53,000 after buying an additional 918 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Kulicke and Soffa Industries by 43.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after buying an additional 371 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Down 4.3 %

Shares of NASDAQ KLIC traded down $1.36 during trading on Wednesday, hitting $30.38. The company had a trading volume of 1,011,239 shares, compared to its average volume of 551,480. The stock has a fifty day simple moving average of $33.16 and a two-hundred day simple moving average of $41.51. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 252.78 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.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly 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 analysts' expectations of $165.10 million. Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. Kulicke and Soffa Industries's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.95) earnings per share. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 683.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KLIC. StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Finally, TD Cowen reduced their price objective on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Kulicke and Soffa Industries presently has an average rating of "Moderate Buy" and a consensus price target of $49.75.

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.