GAMMA Investing LLC Grows Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

GAMMA Investing LLC boosted its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 1,770.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,095 shares of the semiconductor company’s stock after purchasing an additional 18,074 shares during the quarter. GAMMA Investing LLC’s holdings in Kulicke and Soffa Industries were worth $579,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Kulicke and Soffa Industries during the fourth quarter valued at approximately $37,000. Signaturefd LLC lifted its position in Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 278 shares in the last quarter. Smartleaf Asset Management LLC lifted its position 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 valued at $53,000 after buying an additional 918 shares in the last quarter. Menard Financial Group LLC acquired a new position in Kulicke and Soffa Industries during the fourth quarter valued at approximately $54,000. Finally, Quadrant Capital Group LLC lifted its position in 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 valued at $57,000 after buying an additional 371 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Trading Down 1.4%

NASDAQ KLIC opened at $34.04 on Thursday. The company’s fifty day simple moving average is $32.41 and its 200-day simple moving average is $38.68. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $53.71. The stock has a market cap of $1.80 billion, a P/E ratio of 94.56 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its 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 return on equity of 0.76% and a net margin of 3.11%. The firm had revenue of $161.99 million for the quarter, compared to analyst estimates of $165.10 million. During the same period in the previous year, the firm posted ($0.95) earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.41%. Kulicke and Soffa Industries’s payout ratio is currently 227.78%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KLIC shares. Needham & Company LLC reduced 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 report on Thursday, May 8th. DA Davidson reduced their price target on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, TD Cowen reduced 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.