Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Holdings Lifted by Signaturefd LLC

Signaturefd LLC boosted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 226.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 783 shares of the semiconductor company’s stock after buying an additional 543 shares during the period. Signaturefd LLC’s holdings in Kulicke and Soffa Industries were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of KLIC. Headlands Technologies LLC purchased a new stake in shares of Kulicke and Soffa Industries in the first quarter worth approximately $29,000. Blue Trust Inc. lifted its position in Kulicke and Soffa Industries by 17,075.0% in the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after buying an additional 1,366 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at $73,000. CWM LLC boosted its stake in shares of Kulicke and Soffa Industries by 101.8% during the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 970 shares during the period. Finally, nVerses Capital LLC grew its holdings in shares of Kulicke and Soffa Industries by 1,900.0% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the semiconductor company’s stock valued at $98,000 after acquiring an additional 1,900 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KLIC shares. TD Cowen cut their price objective on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Craig Hallum cut their price target on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.33.

Kulicke and Soffa Industries Trading Down 2.9 %

Shares of NASDAQ:KLIC opened at $46.06 on Thursday. The stock has a market capitalization of $2.55 billion, a PE ratio of -38.71 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 1 year low of $38.20 and a 1 year high of $56.71. The firm has a fifty day moving average price of $43.04 and a 200 day moving average price of $45.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The company had revenue of $181.70 million during the quarter, compared to the consensus estimate of $179.28 million. During the same quarter in the prior year, the company posted $0.55 EPS. The firm’s revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post -0.45 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 19th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio is currently -67.23%.

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.