Olstein Capital Management L.P. Has $7.93 Million Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Olstein Capital Management L.P. grew its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 27.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 240,400 shares of the semiconductor company’s stock after buying an additional 51,400 shares during the quarter. Kulicke and Soffa Industries accounts for about 1.5% of Olstein Capital Management L.P.’s portfolio, making the stock its 22nd largest holding. Olstein Capital Management L.P.’s holdings in Kulicke and Soffa Industries were worth $7,928,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Barclays PLC lifted its stake 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 valued at $4,361,000 after purchasing an additional 44,429 shares during the period. Empowered Funds LLC purchased a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $346,000. Entropy Technologies LP bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth $219,000. Rhumbline Advisers increased its stake in Kulicke and Soffa Industries by 8.2% in the 4th 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 last quarter. Finally, Congress Asset Management Co. lifted its holdings in Kulicke and Soffa Industries by 9.2% during the fourth quarter. Congress Asset Management Co. now owns 147,936 shares of the semiconductor company’s stock worth $6,903,000 after acquiring an additional 12,496 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Trading Up 0.8%

KLIC opened at $33.17 on Monday. 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 market cap of $1.75 billion, a P/E ratio of 276.42 and a beta of 1.53. The stock has a 50-day moving average of $31.70 and a 200 day moving average of $39.33.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $165.10 million. During the same quarter in the prior year, the business posted ($0.95) EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. On average, research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 19th will be issued a $0.205 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.82 annualized dividend and a yield of 2.47%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 227.78%.

Analyst Ratings Changes

Several research firms recently commented on KLIC. TD Cowen cut 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. DA Davidson decreased 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, Needham & Company LLC cut their target price on Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.