Tudor Investment Corp ET AL Sells 91,662 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Tudor Investment Corp ET AL lessened its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 90.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,892 shares of the semiconductor company's stock after selling 91,662 shares during the period. Tudor Investment Corp ET AL's holdings in Kulicke and Soffa Industries were worth $462,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $37,000. GAMMA Investing LLC boosted its stake 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 purchasing an additional 387 shares in the last quarter. Signaturefd LLC boosted its stake in Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 278 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 worth $53,000 after purchasing an additional 918 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Kulicke and Soffa Industries by 43.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after purchasing an additional 371 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. 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 research note on Wednesday, May 7th. DA Davidson dropped their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Needham & Company LLC dropped their price target on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $44.50.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock traded up $2.13 during midday trading on Monday, reaching $33.96. 572,349 shares of the company's stock were exchanged, compared to its average volume of 559,071. 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 $1.79 billion, a price-to-earnings ratio of 283.00 and a beta of 1.53. The stock's 50-day simple moving average is $32.83 and its 200 day simple moving average is $41.26.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $161.99 million for the quarter, compared to the consensus estimate of $165.10 million. During the same quarter in the previous year, the business posted ($0.95) EPS. The company's revenue for the quarter was down 5.9% on a year-over-year basis. Research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current 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 issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio is presently 227.78%.

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.