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

Rhumbline Advisers cut its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 5.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 154,127 shares of the semiconductor company’s stock after selling 9,364 shares during the period. Rhumbline Advisers’ holdings in Kulicke and Soffa Industries were worth $5,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of KLIC. Summit Securities Group LLC acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $37,000. Signaturefd LLC increased its holdings in shares of Kulicke and Soffa Industries by 35.5% in the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 278 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Kulicke and Soffa Industries by 397.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 918 shares during the last quarter. Menard Financial Group LLC acquired a new position in Kulicke and Soffa Industries during the 4th quarter valued at approximately $54,000. Finally, Quadrant Capital Group LLC boosted its position in Kulicke and Soffa Industries by 43.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 371 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. DA Davidson cut their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, May 8th. TD Cowen decreased 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. Finally, Needham & Company LLC lowered their target price on Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.50.

Kulicke and Soffa Industries Stock Up 0.1%

KLIC opened at $34.78 on Friday. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 289.83 and a beta of 1.53. The business has a 50 day moving average of $32.04 and a 200-day moving average of $39.06. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data 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 negative return on equity of 1.26% and a net margin of 0.48%. The company had revenue of $161.99 million for the quarter, compared to the consensus estimate of $165.10 million. During the same quarter last year, the business earned ($0.95) EPS. Kulicke and Soffa Industries’s revenue was down 5.9% on a year-over-year basis. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, June 18th. Kulicke and Soffa Industries’s payout ratio is presently 227.78%.

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.