Mirabella Financial Services LLP Makes New $1.40 Million Investment in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Mirabella Financial Services LLP acquired a new stake 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 Securities and Exchange Commission (SEC). The fund acquired 30,025 shares of the semiconductor company’s stock, valued at approximately $1,401,000. Mirabella Financial Services LLP owned about 0.06% of Kulicke and Soffa Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KLIC. Public Employees Retirement System of Ohio acquired a new stake in Kulicke and Soffa Industries in the 3rd quarter worth about $53,000. Barclays PLC raised its position in shares of Kulicke and Soffa Industries by 85.2% in the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company’s stock worth $4,361,000 after buying an additional 44,429 shares during the period. GAMMA Investing LLC boosted its holdings in Kulicke and Soffa Industries by 61.0% in the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 387 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Kulicke and Soffa Industries by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company’s stock valued at $1,695,000 after acquiring an additional 371 shares during the period. Finally, Artemis Investment Management LLP lifted its stake in shares of Kulicke and Soffa Industries by 20.6% in the 4th quarter. Artemis Investment Management LLP now owns 212,834 shares of the semiconductor company’s stock valued at $9,931,000 after purchasing an additional 36,290 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research 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 research report 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Kulicke and Soffa Industries Trading Down 0.7 %

NASDAQ:KLIC opened at $29.10 on Monday. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $53.71. The business’s fifty day moving average price is $35.40 and its 200 day moving average price is $42.58. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 242.50 and a beta of 1.50.

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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, March 20th. Kulicke and Soffa Industries’s payout ratio is 683.33%.

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.