Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 5.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,127 shares of the semiconductor company’s stock after selling 9,364 shares during the period. Rhumbline Advisers owned 0.29% of Kulicke and Soffa Industries worth $5,083,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in Kulicke and Soffa Industries during the 4th quarter worth $346,000. Entropy Technologies LP bought a new position in Kulicke and Soffa Industries in the 4th quarter worth about $219,000. Congress Asset Management Co. lifted its holdings in shares of Kulicke and Soffa Industries by 9.2% in the fourth quarter. Congress Asset Management Co. now owns 147,936 shares of the semiconductor company’s stock valued at $6,903,000 after buying an additional 12,496 shares during the period. Principal Financial Group Inc. boosted its holdings in 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 worth $12,262,000 after buying an additional 4,613 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth approximately $253,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KLIC has been the topic of a number of research analyst reports. DA Davidson lowered their target price on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC cut their price target on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, TD Cowen dropped their price target on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.50.

Kulicke and Soffa Industries Stock Up 0.1%

Shares of KLIC stock opened at $34.78 on Friday. The stock has a fifty day moving average of $32.04 and a 200 day moving average of $39.06. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $53.71. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 289.83 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (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 firm had revenue of $161.99 million for the quarter, compared to the consensus estimate of $165.10 million. During the same quarter in the prior year, the firm earned ($0.95) earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 19th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.36%. Kulicke and Soffa Industries’s dividend payout ratio is currently 227.78%.

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.