Summit Securities Group LLC Purchases New Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 803 shares of the semiconductor company’s stock, valued at approximately $37,000.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Kulicke and Soffa Industries by 85.2% during the third quarter. Barclays PLC now owns 96,604 shares of the semiconductor company’s stock worth $4,361,000 after purchasing an additional 44,429 shares during the period. Citigroup Inc. lifted its holdings in Kulicke and Soffa Industries by 37.4% in the 3rd quarter. Citigroup Inc. now owns 150,533 shares of the semiconductor company’s stock worth $6,794,000 after buying an additional 40,990 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in Kulicke and Soffa Industries by 27.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 88,712 shares of the semiconductor company’s stock worth $3,977,000 after buying an additional 19,279 shares during the period. Stifel Financial Corp grew its position in shares of Kulicke and Soffa Industries by 32.4% in the 3rd quarter. Stifel Financial Corp now owns 48,328 shares of the semiconductor company’s stock worth $2,181,000 after buying an additional 11,836 shares during the last quarter. Finally, Rhumbline Advisers increased 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. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 4.2 %

Shares of KLIC stock opened at $33.06 on Monday. The business’s fifty day moving average is $40.04 and its 200 day moving average is $44.05. The stock has a market cap 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 twelve month low of $32.02 and a twelve month 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 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 research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Needham & Company LLC reaffirmed 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. StockNews.com raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

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.