Dimensional Fund Advisors LP Sells 123,548 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Dimensional Fund Advisors LP trimmed its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,656,991 shares of the semiconductor company's stock after selling 123,548 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.72% of Kulicke and Soffa Industries worth $145,393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its position in shares of Kulicke and Soffa Industries by 340.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company's stock worth $31,000 after buying an additional 443 shares during the period. Principal Securities Inc. bought a new position in Kulicke and Soffa Industries in the fourth quarter valued at approximately $33,000. Blue Trust Inc. grew its holdings in Kulicke and Soffa Industries by 224.6% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 465 shares during the period. CWM LLC raised its position in shares of Kulicke and Soffa Industries by 120.7% during the 4th quarter. CWM LLC now owns 779 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 426 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at $40,000. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock traded down $0.46 during trading hours on Friday, hitting $47.51. The company's stock had a trading volume of 328,158 shares, compared to its average volume of 475,296. The stock has a 50 day moving average of $47.92 and a 200 day moving average of $49.54. Kulicke and Soffa Industries, Inc. has a 12 month low of $40.20 and a 12 month high of $60.20. The company has a market capitalization of $2.64 billion, a PE ratio of -39.92 and a beta of 1.48.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share (EPS) 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 positive return on equity of 2.22% and a negative net margin of 8.94%. The firm's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. Equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.54 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, June 20th. Kulicke and Soffa Industries's payout ratio is -67.23%.

Analyst Ratings Changes

KLIC has been the subject of a number of recent analyst reports. B. Riley dropped their price objective on Kulicke and Soffa Industries from $54.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, May 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Kulicke and Soffa Industries in a research note on Friday, May 3rd. Finally, TheStreet lowered shares of Kulicke and Soffa Industries from a "b-" rating to a "c" rating in a research note on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $59.00.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong acquired 1,000 shares of the stock in a transaction dated Monday, May 6th. The shares were bought at an average cost of $47.51 per share, for a total transaction of $47,510.00. Following the completion of the acquisition, the director now directly owns 92,072 shares of the company's stock, valued at $4,374,340.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company's stock.

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.