Fox Run Management L.L.C. Makes New Investment in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Fox Run Management L.L.C. bought a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,488 shares of the semiconductor company’s stock, valued at approximately $769,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in shares of Kulicke and Soffa Industries by 137.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 414 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Kulicke and Soffa Industries by 61.0% in the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock worth $48,000 after buying an additional 387 shares during the last quarter. Signaturefd LLC boosted its stake 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 worth $50,000 after buying an additional 278 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Kulicke and Soffa Industries in the 3rd quarter worth $53,000. Finally, Smartleaf Asset Management LLC boosted its stake 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 worth $53,000 after buying an additional 918 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KLIC. StockNews.com upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Three 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, Kulicke and Soffa Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Kulicke and Soffa Industries Stock Performance

NASDAQ KLIC opened at $35.76 on Monday. The company has a market capitalization of $1.91 billion, a PE ratio of 298.00 and a beta of 1.38. The business’s fifty day moving average is $41.15 and its 200 day moving average is $44.19. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $33.99 and a fifty-two week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.29%. Kulicke and Soffa Industries’s payout ratio is 683.33%.

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.