62,503 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,503 shares of the semiconductor company’s stock, valued at approximately $2,916,000. Raymond James Financial Inc. owned 0.12% of Kulicke and Soffa Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of Kulicke and Soffa Industries by 137.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 414 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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. Public Employees Retirement System of Ohio acquired a new stake in shares of Kulicke and Soffa Industries in the third quarter worth $53,000. Smartleaf Asset Management LLC increased its stake in Kulicke and Soffa Industries by 397.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 918 shares during the period. Finally, KBC Group NV boosted its position in Kulicke and Soffa Industries by 93.2% during the fourth quarter. KBC Group NV now owns 2,898 shares of the semiconductor company’s stock valued at $135,000 after purchasing an additional 1,398 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Trading Down 4.2 %

KLIC opened at $33.06 on Friday. Kulicke and Soffa Industries, Inc. has a 1-year low of $32.92 and a 1-year high of $53.71. The firm has a 50-day moving average price of $40.04 and a two-hundred day moving average price of $43.99. The stock has a market capitalization of $1.76 billion, a PE ratio of 275.50 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results 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, research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is currently 683.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. 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 restated a “buy” rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.00.

Kulicke and Soffa Industries Company Profile

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.