Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC raised its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 354.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,119 shares of the semiconductor company's stock after purchasing an additional 165,431 shares during the period. Schonfeld Strategic Advisors LLC owned 0.40% of Kulicke and Soffa Industries worth $9,897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Kulicke and Soffa Industries during the 4th quarter valued at about $37,000. GAMMA Investing LLC increased its holdings in 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 valued at $48,000 after acquiring an additional 387 shares during the last quarter. Signaturefd LLC raised its stake in Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 278 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Kulicke and Soffa Industries by 397.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock worth $53,000 after purchasing an additional 918 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in 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 valued at $57,000 after buying an additional 371 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KLIC. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and issued a $53.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Kulicke and Soffa Industries presently has an average rating of "Moderate Buy" and an average target price of $53.25.

Kulicke and Soffa Industries Trading Down 1.6 %

KLIC traded down $0.54 during midday trading on Tuesday, hitting $32.22. The company's stock had a trading volume of 101,989 shares, compared to its average volume of 544,823. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71. The firm has a market cap of $1.72 billion, a P/E ratio of 269.00 and a beta of 1.53. The firm has a 50-day moving average price of $33.28 and a two-hundred day moving average price of $41.58.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. On average, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were given a $0.205 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.55%. Kulicke and Soffa Industries's payout ratio is 683.33%.

About Kulicke and Soffa Industries

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.