Ellevest Inc. Increases Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Ellevest Inc. increased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 33.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,449 shares of the semiconductor company’s stock after purchasing an additional 2,891 shares during the quarter. Ellevest Inc.’s holdings in Kulicke and Soffa Industries were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Kulicke and Soffa Industries by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company’s stock valued at $152,975,000 after buying an additional 50,430 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Kulicke and Soffa Industries by 68.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company’s stock worth $82,220,000 after acquiring an additional 717,832 shares during the last quarter. Copeland Capital Management LLC increased its stake in Kulicke and Soffa Industries by 2.3% in the 4th quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company’s stock worth $70,113,000 after purchasing an additional 33,124 shares during the period. Royce & Associates LP lifted its position in Kulicke and Soffa Industries by 4.9% in the fourth quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company’s stock valued at $54,379,000 after purchasing an additional 54,116 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Kulicke and Soffa Industries by 11.8% during the fourth quarter. Northern Trust Corp now owns 734,140 shares of the semiconductor company’s stock valued at $34,255,000 after purchasing an additional 77,479 shares during the period. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Price Performance

KLIC stock opened at $31.85 on Friday. Kulicke and Soffa Industries, Inc. has a 1 year low of $26.63 and a 1 year high of $53.71. The firm has a 50-day moving average of $32.83 and a 200 day moving average of $41.28. The company has a market cap of $1.70 billion, a P/E ratio of 265.42 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.71). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The firm had revenue of $161.99 million during the quarter, compared to analysts’ expectations of $165.10 million. During the same quarter in the previous year, the business earned ($0.95) EPS. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 683.33%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KLIC. DA Davidson lowered their price target on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a report on Thursday. Needham & Company LLC dropped their target price on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating for the company in a report on Thursday. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, TD Cowen dropped their price objective on Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

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.