Price T Rowe Associates Inc. MD decreased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 267,782 shares of the semiconductor company's stock after selling 115,796 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.50% of Kulicke and Soffa Industries worth $12,495,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in shares of Kulicke and Soffa Industries by 85.2% in the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock worth $4,361,000 after buying an additional 44,429 shares in the last quarter. GAMMA Investing LLC raised its position in Kulicke and Soffa Industries by 61.0% in the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 387 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Kulicke and Soffa Industries by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company's stock valued at $1,695,000 after purchasing an additional 371 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Kulicke and Soffa Industries by 20.6% in the 4th quarter. Artemis Investment Management LLP now owns 212,834 shares of the semiconductor company's stock worth $9,931,000 after purchasing an additional 36,290 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Kulicke and Soffa Industries by 93.2% in the 4th quarter. KBC Group NV now owns 2,898 shares of the semiconductor company's stock worth $135,000 after purchasing an additional 1,398 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.
Kulicke and Soffa Industries Price Performance
NASDAQ:KLIC traded up $0.53 during trading hours on Thursday, reaching $31.38. The company's stock had a trading volume of 136,818 shares, compared to its average volume of 553,116. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 261.50 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $53.71. The business's 50-day moving average is $33.01 and its 200-day moving average is $41.44.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The company had revenue of $161.99 million for the quarter, compared to the consensus estimate of $165.10 million. During the same quarter last year, the company posted ($0.95) EPS. The business's revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's payout ratio is 683.33%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. TD Cowen decreased their target price on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday. StockNews.com upgraded shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Needham & Company LLC lowered their price objective on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.75.
View Our Latest Report on KLIC
Kulicke and Soffa Industries Profile
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Free Report)
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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