Quantinno Capital Management LP Invests $235,000 in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Quantinno Capital Management LP bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,028 shares of the semiconductor company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth $37,000. Signaturefd LLC lifted its holdings in shares of Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock worth $50,000 after buying an additional 278 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of 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 buying an additional 918 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Kulicke and Soffa Industries by 43.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company’s stock worth $57,000 after buying an additional 371 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Kulicke and Soffa Industries by 27.0% during the fourth quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company’s stock worth $95,000 after buying an additional 434 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 1.1%

KLIC stock opened at $31.90 on Tuesday. The company has a market cap of $1.68 billion, a PE ratio of 265.83 and a beta of 1.53. The business has a 50-day simple moving average of $32.09 and a 200 day simple moving average of $40.22. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.71). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The company had revenue of $161.99 million during the quarter, compared to analyst estimates of $165.10 million. During the same period last year, the firm earned ($0.95) EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is presently 227.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KLIC. Wall Street Zen raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Needham & Company LLC dropped their price target on Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. DA Davidson dropped their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, TD Cowen dropped their price target on Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.50.

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.