Divisar Capital Management LLC lowered its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 708,156 shares of the semiconductor company's stock after selling 197,825 shares during the period. Kulicke and Soffa Industries comprises 7.2% of Divisar Capital Management LLC's portfolio, making the stock its 6th largest holding. Divisar Capital Management LLC owned 1.32% of Kulicke and Soffa Industries worth $33,043,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in Kulicke and Soffa Industries in the 4th quarter valued at about $37,000. GAMMA Investing LLC grew 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 valued at $48,000 after purchasing an additional 387 shares during the last quarter. Signaturefd LLC increased its stake in shares of 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 purchasing an additional 278 shares in the last quarter. Smartleaf Asset Management LLC raised its position 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 purchasing an additional 918 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake 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 valued at $57,000 after buying an additional 371 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have weighed in on KLIC shares. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Needham & Company LLC reissued a "buy" rating and issued a $53.00 target price on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Kulicke and Soffa Industries presently has an average rating of "Moderate Buy" and a consensus price target of $52.00.
View Our Latest Research Report on KLIC
Kulicke and Soffa Industries Stock Up 3.1 %
Shares of NASDAQ:KLIC traded up $1.00 during midday trading on Friday, reaching $33.22. The company's stock had a trading volume of 419,499 shares, compared to its average volume of 545,994. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 276.83 and a beta of 1.50. The business has a 50 day moving average price of $33.43 and a 200 day moving average price of $41.69. 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 posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.47%. Kulicke and Soffa Industries's dividend payout ratio is presently 683.33%.
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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