KLP Kapitalforvaltning AS Makes New $548,000 Investment in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

KLP Kapitalforvaltning AS acquired a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,700 shares of the semiconductor company’s stock, valued at approximately $548,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Kulicke and Soffa Industries by 61.0% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock worth $48,000 after buying an additional 387 shares during the period. Signaturefd LLC raised 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 purchasing an additional 278 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Kulicke and Soffa Industries in the third quarter worth $53,000. Smartleaf Asset Management LLC boosted its holdings in 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, KBC Group NV grew its position in Kulicke and Soffa Industries by 93.2% in 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 in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Up 1.1 %

NASDAQ KLIC opened at $33.87 on Thursday. Kulicke and Soffa Industries, Inc. has a twelve month low of $31.77 and a twelve month high of $53.71. The business’s fifty day moving average is $39.22 and its 200 day moving average is $43.89. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 282.25 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly 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 anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is presently 683.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented 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 reissued a “buy” rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Kulicke and Soffa Industries 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.