Yousif Capital Management LLC Has $651,000 Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Yousif Capital Management LLC decreased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,747 shares of the semiconductor company’s stock after selling 709 shares during the quarter. Yousif Capital Management LLC’s holdings in Kulicke and Soffa Industries were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KLIC. Tower Research Capital LLC TRC raised its holdings in Kulicke and Soffa Industries by 9.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company’s stock worth $139,000 after purchasing an additional 254 shares during the last quarter. Signaturefd LLC raised its stake 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 worth $50,000 after buying an additional 278 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Kulicke and Soffa Industries by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 50,007 shares of the semiconductor company’s stock valued at $2,333,000 after buying an additional 298 shares during the period. Personal CFO Solutions LLC lifted its holdings in Kulicke and Soffa Industries by 6.5% in the fourth quarter. Personal CFO Solutions LLC now owns 5,576 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 341 shares during the period. Finally, Quadrant Capital Group LLC boosted 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 acquiring an additional 371 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Trading Down 1.7%

Shares of NASDAQ KLIC opened at $33.46 on Friday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 92.95 and a beta of 1.53. The firm’s 50-day moving average price is $32.57 and its 200-day moving average price is $38.45. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year 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) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.71). The firm had revenue of $161.99 million for the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted ($0.95) earnings per share. Equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 19th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.45%. The ex-dividend date is Wednesday, June 18th. Kulicke and Soffa Industries’s payout ratio is currently 227.78%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KLIC shares. Needham & Company LLC lowered their price objective on Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. TD Cowen lowered their target price on Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. Finally, DA Davidson dropped their price target on 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kulicke and Soffa Industries presently has an average rating of “Moderate Buy” and an average target price 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.