Quadrant Capital Group LLC Boosts Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Quadrant Capital Group LLC boosted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLICFree Report) by 29.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,194 shares of the semiconductor company’s stock after buying an additional 272 shares during the quarter. Quadrant Capital Group LLC’s holdings in Kulicke and Soffa Industries were worth $65,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Baader Bank Aktiengesellschaft purchased a new position in Kulicke and Soffa Industries during the 4th quarter worth approximately $220,000. ARGA Investment Management LP purchased a new position in Kulicke and Soffa Industries during the 4th quarter worth approximately $207,000. Heartland Advisors Inc. purchased a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at approximately $619,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at approximately $202,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of Kulicke and Soffa Industries by 64.3% during the 4th quarter. Teacher Retirement System of Texas now owns 14,272 shares of the semiconductor company’s stock valued at $781,000 after purchasing an additional 5,585 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong bought 1,000 shares of the stock in a transaction on Monday, May 6th. The shares were bought at an average price of $47.51 per share, with a total value of $47,510.00. Following the purchase, the director now directly owns 92,072 shares in the company, valued at approximately $4,374,340.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ KLIC opened at $47.15 on Monday. The firm has a market cap of $2.61 billion, a PE ratio of -39.62 and a beta of 1.48. The firm has a fifty day moving average of $47.77 and a 200 day moving average of $49.75. Kulicke and Soffa Industries, Inc. has a one year low of $40.20 and a one year high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLICGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.19). The company had revenue of $172.10 million during the quarter, compared to analysts’ expectations of $170.20 million. Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. Kulicke and Soffa Industries’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. On average, equities analysts predict that Kulicke and Soffa Industries, Inc. will post 0.54 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 20th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, June 20th. Kulicke and Soffa Industries’s payout ratio is presently -67.23%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KLIC. Needham & Company LLC reaffirmed a “hold” rating on shares of Kulicke and Soffa Industries in a report on Friday, May 3rd. B. Riley cut their target price on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, TheStreet lowered shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.00.

View Our Latest Report on Kulicke and Soffa Industries

Kulicke and Soffa Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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