Commonwealth Equity Services LLC Acquires 298 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Commonwealth Equity Services LLC boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,007 shares of the semiconductor company’s stock after acquiring an additional 298 shares during the quarter. Commonwealth Equity Services LLC owned 0.09% of Kulicke and Soffa Industries worth $2,333,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KLIC. Copeland Capital Management LLC grew its holdings in Kulicke and Soffa Industries by 2.3% during the fourth quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company’s stock worth $70,113,000 after buying an additional 33,124 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Kulicke and Soffa Industries by 16.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 530,827 shares of the semiconductor company’s stock worth $24,768,000 after acquiring an additional 74,920 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Kulicke and Soffa Industries by 10.8% in the third quarter. Wasatch Advisors LP now owns 398,225 shares of the semiconductor company’s stock valued at $17,972,000 after purchasing an additional 38,655 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Kulicke and Soffa Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 262,799 shares of the semiconductor company’s stock valued at $12,262,000 after purchasing an additional 4,613 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in Kulicke and Soffa Industries by 20.6% during the fourth quarter. Artemis Investment Management LLP now owns 212,834 shares of the semiconductor company’s stock worth $9,931,000 after purchasing an additional 36,290 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $35.47 on Thursday. The stock has a market capitalization of $1.89 billion, a PE ratio of 295.58 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a one year low of $34.84 and a one year high of $53.71. The business’s fifty day moving average price is $40.57 and its 200-day moving average price is $44.09.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 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%. As a group, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 683.33%.

Analysts Set New Price Targets

Several research firms have commented on KLIC. Needham & Company LLC reissued a “buy” rating and set a $53.00 target price on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. StockNews.com upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of “Moderate Buy” and an average target price of $52.00.

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.