Geode Capital Management LLC Cuts Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Geode Capital Management LLC lowered its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,252,148 shares of the semiconductor company's stock after selling 20,023 shares during the period. Geode Capital Management LLC owned 2.33% of Kulicke and Soffa Industries worth $58,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in Kulicke and Soffa Industries in the fourth quarter valued at approximately $37,000. GAMMA Investing LLC boosted its position in shares of Kulicke and Soffa Industries by 61.0% in the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 387 shares in the last quarter. Signaturefd LLC boosted its position 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 worth $50,000 after purchasing an additional 278 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Kulicke and Soffa Industries during the 3rd quarter valued at about $53,000. Finally, Smartleaf Asset Management LLC raised its stake 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. Institutional investors own 98.22% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KLIC shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report 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. Based on data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

Kulicke and Soffa Industries Trading Down 0.7 %

Shares of KLIC stock traded down $0.20 during trading hours on Friday, hitting $29.10. The company's stock had a trading volume of 864,568 shares, compared to its average volume of 544,504. The stock has a market cap of $1.55 billion, a PE ratio of 242.50 and a beta of 1.50. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $53.71. The company has a 50 day moving average of $35.40 and a 200 day moving average of $42.62.

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%. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.82%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio is currently 683.33%.

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.