Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stake Raised by Rodgers Brothers Inc.

Rodgers Brothers Inc. grew its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 63,150 shares of the semiconductor company’s stock after purchasing an additional 4,450 shares during the period. Rodgers Brothers Inc.’s holdings in Kulicke and Soffa Industries were worth $2,947,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth approximately $6,875,000. JPMorgan Chase & Co. lifted its position in shares of Kulicke and Soffa Industries by 50.6% during the 4th quarter. JPMorgan Chase & Co. now owns 431,945 shares of the semiconductor company’s stock valued at $20,155,000 after acquiring an additional 145,066 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Kulicke and Soffa Industries during the 4th quarter worth $5,492,000. Pinpoint Asset Management Ltd bought a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter worth $4,062,000. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Kulicke and Soffa Industries by 16.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 530,827 shares of the semiconductor company’s stock worth $24,768,000 after acquiring an additional 74,920 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Trading Down 4.2 %

NASDAQ:KLIC opened at $33.06 on Monday. The business’s fifty day moving average price is $40.04 and its 200 day moving average price is $44.05. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 275.50 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 1-year low of $32.02 and a 1-year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. Equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is currently 683.33%.

Wall Street Analysts Forecast Growth

KLIC has been the subject of several analyst reports. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Kulicke and Soffa Industries 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.