Systematic Financial Management LP Buys 5,745 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Systematic Financial Management LP raised its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,014 shares of the semiconductor company’s stock after purchasing an additional 5,745 shares during the period. Systematic Financial Management LP owned approximately 0.27% of Kulicke and Soffa Industries worth $6,813,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in Kulicke and Soffa Industries in the 4th quarter valued at $37,000. Signaturefd LLC boosted its holdings in Kulicke and Soffa Industries by 35.5% in the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 278 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Kulicke and Soffa Industries by 397.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 918 shares during the period. Quadrant Capital Group LLC boosted its holdings in Kulicke and Soffa Industries by 43.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 371 shares during the period. Finally, Covestor Ltd boosted its holdings in Kulicke and Soffa Industries by 27.0% in the 4th quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 434 shares during the period. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Stock Down 0.9%

Shares of KLIC stock opened at $33.82 on Friday. The company has a market capitalization of $1.78 billion, a P/E ratio of 281.83 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $53.71. The firm has a 50-day moving average price of $32.55 and a 200 day moving average price of $40.88.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.71). The company had revenue of $161.99 million during the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.95) EPS. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is 227.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. Needham & Company LLC reduced their price objective 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, May 8th. DA Davidson reduced their price objective 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, May 8th. Finally, StockNews.com raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

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.