Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Holdings Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 363,426 shares of the semiconductor company's stock after selling 50,894 shares during the period. Russell Investments Group Ltd. owned 0.65% of Kulicke and Soffa Industries worth $19,887,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its position in shares of Kulicke and Soffa Industries by 22.8% during the 3rd quarter. Sei Investments Co. now owns 309,681 shares of the semiconductor company's stock valued at $15,060,000 after buying an additional 57,418 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in 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 period. Trexquant Investment LP bought a new stake in Kulicke and Soffa Industries during the 3rd quarter valued at approximately $1,259,000. TimesSquare Capital Management LLC raised its stake in Kulicke and Soffa Industries by 22.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 613,657 shares of the semiconductor company's stock valued at $29,842,000 after purchasing an additional 111,032 shares during the period. Finally, First Eagle Investment Management LLC raised 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 valued at $7,444,000 after purchasing an additional 32,383 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kulicke and Soffa Industries

In related news, SVP Robert Nestor Chylak sold 8,771 shares of the business'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 transaction, the senior vice president now owns 24,240 shares in the company, valued at approximately $1,187,032.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KLIC has been the topic of several recent analyst reports. TheStreet downgraded Kulicke and Soffa Industries from a "b-" rating to a "c" rating in a research note on Wednesday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Kulicke and Soffa Industries in a research note on Friday. Finally, B. Riley reduced their price objective on Kulicke and Soffa Industries from $54.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of "Hold" and an average target price of $59.00.

Kulicke and Soffa Industries Stock Performance

NASDAQ:KLIC traded up $0.98 during trading hours on Friday, reaching $47.00. The stock had a trading volume of 535,469 shares, compared to its average volume of 480,579. Kulicke and Soffa Industries, Inc. has a 52 week low of $40.20 and a 52 week high of $60.20. The company has a 50 day moving average price of $48.18 and a two-hundred day moving average price of $49.20. The stock has a market capitalization of $2.65 billion, a PE ratio of -39.50 and a beta of 1.48.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($1.19). The company had revenue of $172.10 million for the quarter, compared to the consensus estimate of $170.20 million. Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.14%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. Equities research analysts predict that Kulicke and Soffa Industries, Inc. will post 1.69 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, March 22nd. Kulicke and Soffa Industries's payout ratio is currently -67.23%.

Kulicke and Soffa Industries 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.