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 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.50% of Kulicke and Soffa Industries worth $12,495,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth $37,000. GAMMA Investing LLC lifted its stake 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 acquiring an additional 387 shares during the period. Signaturefd LLC boosted its holdings in shares of Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 278 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 918 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Kulicke and Soffa Industries by 43.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after acquiring an additional 371 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.
Kulicke and Soffa Industries Price Performance
Kulicke and Soffa Industries stock traded down $1.36 during mid-day trading on Wednesday, reaching $30.38. The company had a trading volume of 1,011,239 shares, compared to its average volume of 551,480. The stock's 50-day simple moving average is $33.16 and its 200-day simple moving average is $41.51. Kulicke and Soffa Industries, Inc. has a 1 year low of $26.63 and a 1 year high of $53.71. The company has a market capitalization of $1.62 billion, a P/E ratio of 252.78 and a beta of 1.53.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.71). The firm had revenue of $161.99 million during the quarter, compared to analysts' expectations of $165.10 million. Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The business's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.95) earnings per share. On average, equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.70%. Kulicke and Soffa Industries's payout ratio is 683.33%.
Wall Street Analysts Forecast Growth
KLIC has been the topic of a number of analyst reports. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC reissued a "buy" rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Finally, TD Cowen dropped their price objective on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.75.
Get Our Latest Stock Analysis on Kulicke and Soffa Industries
Kulicke and Soffa Industries Profile
(
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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