Citigroup Inc. Cuts Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Citigroup Inc. lessened its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Rating) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 84,624 shares of the semiconductor company’s stock after selling 2,390 shares during the quarter. Citigroup Inc. owned 0.15% of Kulicke and Soffa Industries worth $3,745,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Auxano Advisors LLC purchased a new stake in Kulicke and Soffa Industries during the 4th quarter worth about $208,000. Teacher Retirement System of Texas lifted its stake in Kulicke and Soffa Industries by 113.2% in the third quarter. Teacher Retirement System of Texas now owns 21,226 shares of the semiconductor company’s stock valued at $818,000 after buying an additional 11,269 shares during the last quarter. Bank of Montreal Can lifted its stake in Kulicke and Soffa Industries by 31.1% in the fourth quarter. Bank of Montreal Can now owns 7,527 shares of the semiconductor company’s stock valued at $370,000 after buying an additional 1,787 shares during the last quarter. Bank Hapoalim BM boosted its holdings in shares of Kulicke and Soffa Industries by 12.8% in the third quarter. Bank Hapoalim BM now owns 153,514 shares of the semiconductor company’s stock valued at $5,915,000 after acquiring an additional 17,446 shares during the period. Finally, Mutual of America Capital Management LLC grew its position in shares of Kulicke and Soffa Industries by 16.3% during the third quarter. Mutual of America Capital Management LLC now owns 11,553 shares of the semiconductor company’s stock worth $445,000 after acquiring an additional 1,623 shares during the last quarter. 98.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 5,000 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $53.80, for a total value of $269,000.00. Following the sale, the senior vice president now owns 185,076 shares of the company’s stock, valued at $9,957,088.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Nelson Munpun Wong sold 5,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $53.80, for a total transaction of $269,000.00. Following the completion of the transaction, the senior vice president now directly owns 185,076 shares in the company, valued at approximately $9,957,088.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lester A. Wong sold 40,000 shares of the stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $51.48, for a total value of $2,059,200.00. Following the sale, the chief financial officer now owns 129,746 shares in the company, valued at approximately $6,679,324.08. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KLIC shares. DA Davidson decreased their price target on shares of Kulicke and Soffa Industries from $70.00 to $60.00 in a research note on Friday, May 5th. B. Riley increased their target price on Kulicke and Soffa Industries from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. Craig Hallum lifted their price target on Kulicke and Soffa Industries from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, StockNews.com started coverage on Kulicke and Soffa Industries in a research report on Thursday. They issued a “hold” rating for the company.

Kulicke and Soffa Industries Trading Down 0.5 %

Shares of KLIC opened at $50.63 on Monday. The firm’s 50-day moving average is $49.50 and its two-hundred day moving average is $49.31. Kulicke and Soffa Industries, Inc. has a twelve month low of $35.95 and a twelve month high of $58.81. The firm has a market capitalization of $2.86 billion, a P/E ratio of 14.06 and a beta of 1.40.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. The firm had revenue of $173.00 million during the quarter, compared to the consensus estimate of $171.01 million. Kulicke and Soffa Industries had a return on equity of 20.08% and a net margin of 21.19%. Kulicke and Soffa Industries’s quarterly revenue was down 55.0% on a year-over-year basis. During the same period last year, the business posted $1.95 EPS. Analysts predict that Kulicke and Soffa Industries, Inc. will post 1.53 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Investors of record on Thursday, March 23rd were paid a $0.19 dividend. The ex-dividend date was Wednesday, March 22nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. Kulicke and Soffa Industries’s payout ratio is 21.11%.

Kulicke and Soffa Industries Company Profile

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Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of capital equipment and tools used to assemble semiconductor devices, including integrated circuits (“ICs“), high and low powered discrete devices, light-emitting diodes (“LEDs“), and power modules. The firm operates through the Capital Equipment, and Aftermarket Products and Services (APS) segments.