Envestnet Asset Management Inc. Purchases 996 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Envestnet Asset Management Inc. grew its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 0.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 166,647 shares of the semiconductor company’s stock after acquiring an additional 996 shares during the quarter. Envestnet Asset Management Inc. owned about 0.31% of Kulicke and Soffa Industries worth $5,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KLIC. Vanguard Group Inc. lifted its stake in shares of Kulicke and Soffa Industries by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company’s stock worth $152,975,000 after acquiring an additional 50,430 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Kulicke and Soffa Industries by 68.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company’s stock valued at $82,220,000 after acquiring an additional 717,832 shares during the last quarter. Northern Trust Corp increased its stake in Kulicke and Soffa Industries by 11.8% in the fourth quarter. Northern Trust Corp now owns 734,140 shares of the semiconductor company’s stock worth $34,255,000 after purchasing an additional 77,479 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth $24,109,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at $22,134,000. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Trading Down 1.2%

Shares of NASDAQ KLIC opened at $34.78 on Thursday. The stock has a market capitalization of $1.84 billion, a PE ratio of 96.61 and a beta of 1.54. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $52.08. The stock has a fifty day simple moving average of $34.44 and a 200-day simple moving average of $36.45.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its 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). The business had revenue of $161.99 million for the quarter, compared to analysts’ expectations of $165.10 million. Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. The business’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.95) earnings per share. On average, equities analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KLIC. DA Davidson dropped their price objective 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. Needham & Company LLC dropped their price target on 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. Finally, TD Cowen cut their price target on Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.