Covestor Ltd Increases Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Covestor Ltd increased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 27.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,041 shares of the semiconductor company’s stock after acquiring an additional 434 shares during the period. Covestor Ltd’s holdings in Kulicke and Soffa Industries were worth $95,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its holdings in Kulicke and Soffa Industries by 85.2% during the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company’s stock valued at $4,361,000 after buying an additional 44,429 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth about $548,000. Stifel Financial Corp raised its position in shares of Kulicke and Soffa Industries by 32.4% in the third quarter. Stifel Financial Corp now owns 48,328 shares of the semiconductor company’s stock valued at $2,181,000 after buying an additional 11,836 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Kulicke and Soffa Industries by 8.2% during the fourth quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company’s stock valued at $7,628,000 after buying an additional 12,355 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Kulicke and Soffa Industries during the fourth quarter worth approximately $346,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KLIC has been the subject of several recent analyst reports. StockNews.com upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $53.00 price objective 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 issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Kulicke and Soffa Industries Stock Up 1.6 %

KLIC opened at $29.87 on Monday. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71. The company has a 50 day moving average of $36.64 and a two-hundred day moving average of $43.12. The company has a market cap of $1.59 billion, a P/E ratio of 248.92 and a beta of 1.50.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share 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%. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.75%. Kulicke and Soffa Industries’s payout ratio is currently 683.33%.

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.