Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Price Down 2.1%

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) shares fell 2.1% during mid-day trading on Wednesday . The company traded as low as $46.46 and last traded at $46.47. 33,510 shares traded hands during trading, a decline of 93% from the average session volume of 458,407 shares. The stock had previously closed at $47.47.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of Kulicke and Soffa Industries from a "b-" rating to a "c" rating in a research note on Wednesday, January 31st.

Kulicke and Soffa Industries Stock Down 2.9 %

The firm has a 50 day moving average of $48.97 and a 200-day moving average of $49.32. The company has a market cap of $2.60 billion, a P/E ratio of 52.75 and a beta of 1.47.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its earnings results on Thursday, February 1st. The semiconductor company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $171.19 million during the quarter, compared to analysts' expectations of $170.00 million. Kulicke and Soffa Industries had a return on equity of 8.55% and a net margin of 7.03%. During the same period in the prior year, the business earned $0.37 EPS. On average, research analysts predict that Kulicke and Soffa Industries, Inc. will post 1.69 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries's dividend payout ratio (DPR) is 88.89%.

Insider Activity

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 8,771 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total transaction of $429,515.87. Following the completion of the sale, the senior vice president now owns 24,240 shares in the company, valued at $1,187,032.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Large investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of Kulicke and Soffa Industries by 22.8% in the 3rd quarter. Sei Investments Co. now owns 309,681 shares of the semiconductor company's stock worth $15,060,000 after buying an additional 57,418 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 23.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 250,207 shares of the semiconductor company's stock valued at $12,168,000 after purchasing an additional 47,903 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Kulicke and Soffa Industries in the 3rd quarter worth $1,259,000. TimesSquare Capital Management LLC boosted its position in shares of Kulicke and Soffa Industries by 22.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 613,657 shares of the semiconductor company's stock worth $29,842,000 after purchasing an additional 111,032 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Kulicke and Soffa Industries by 26.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 153,064 shares of the semiconductor company's stock worth $7,444,000 after buying an additional 32,383 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

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.