Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,025 shares of the semiconductor company's stock after selling 60,380 shares during the quarter. Deutsche Bank AG owned 0.35% of Kulicke and Soffa Industries worth $8,820,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Kulicke and Soffa Industries by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock worth $152,975,000 after acquiring an additional 50,430 shares in the last quarter. The Manufacturers Life Insurance Company grew its position 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 acquiring an additional 717,832 shares in the last quarter. Copeland Capital Management LLC boosted its position in Kulicke and Soffa Industries by 2.3% during the 4th quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company's stock valued at $70,113,000 after purchasing an additional 33,124 shares during the period. Royce & Associates LP boosted its position in 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 valued at $54,379,000 after purchasing an additional 54,116 shares during the period. Finally, Northern Trust Corp boosted its position in Kulicke and Soffa Industries by 11.8% during the 4th 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 Stock Down 0.9%

Shares of Kulicke and Soffa Industries stock opened at $33.82 on Friday. The stock's fifty day moving average is $32.55 and its 200-day moving average is $40.91. The firm has a market capitalization of $1.78 billion, a PE ratio of 281.83 and a beta of 1.53. 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 announced 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 for the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the firm earned ($0.95) earnings per share. Analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.42%. Kulicke and Soffa Industries's dividend payout ratio is 227.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. 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 report on Wednesday, May 7th. StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Needham & Company LLC reduced their price objective on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, DA Davidson reduced their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

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.

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