Divisar Capital Management LLC lessened its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 708,156 shares of the semiconductor company's stock after selling 197,825 shares during the quarter. Kulicke and Soffa Industries makes up about 7.2% of Divisar Capital Management LLC's holdings, making the stock its 6th biggest holding. Divisar Capital Management LLC owned 1.32% of Kulicke and Soffa Industries worth $33,043,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in 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 valued at $152,975,000 after buying an additional 50,430 shares during the period. The Manufacturers Life Insurance Company grew its stake in Kulicke and Soffa Industries by 68.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock valued at $82,220,000 after purchasing an additional 717,832 shares in the last quarter. Copeland Capital Management LLC grew its position in Kulicke and Soffa Industries by 2.3% in the fourth quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company's stock worth $70,113,000 after acquiring an additional 33,124 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Kulicke and Soffa Industries by 4.9% during the 4th quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company's stock worth $54,379,000 after acquiring an additional 54,116 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Kulicke and Soffa Industries by 11.8% in the fourth quarter. Northern Trust Corp now owns 734,140 shares of the semiconductor company's stock valued at $34,255,000 after purchasing an additional 77,479 shares during the period. Institutional investors and hedge funds own 98.22% of the company's stock.
Kulicke and Soffa Industries Price Performance
Shares of KLIC traded down $1.23 during mid-day trading on Tuesday, reaching $31.54. The company had a trading volume of 207,287 shares, compared to its average volume of 545,484. The company's 50-day moving average is $33.28 and its 200-day moving average is $41.58. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $53.71. The company has a market capitalization of $1.68 billion, a P/E ratio of 262.75 and a beta of 1.53.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. As a group, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.
Kulicke and Soffa Industries Announces Dividend
The firm 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 of this dividend was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.60%. Kulicke and Soffa Industries's payout ratio is 683.33%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on KLIC shares. StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $53.00 price target on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.25.
Check Out Our Latest Stock Analysis on KLIC
About Kulicke and Soffa Industries
(
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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