American Century Companies Inc. Sells 342,493 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

American Century Companies Inc. decreased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 14.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,982,363 shares of the semiconductor company’s stock after selling 342,493 shares during the period. American Century Companies Inc. owned about 3.69% of Kulicke and Soffa Industries worth $92,497,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in shares of Kulicke and Soffa Industries by 137.5% in the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 414 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Kulicke and Soffa Industries by 61.0% during the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 387 shares during the period. Signaturefd LLC boosted its position in shares of Kulicke and Soffa Industries by 35.5% during the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 278 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Kulicke and Soffa Industries in the third quarter valued at about $53,000. Finally, Smartleaf Asset Management LLC raised its position in Kulicke and Soffa Industries by 397.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 918 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $36.51 on Tuesday. The stock’s 50 day simple moving average is $40.98 and its 200 day simple moving average is $44.17. Kulicke and Soffa Industries, Inc. has a one year low of $34.84 and a one year high of $53.71. The firm has a market cap of $1.95 billion, a PE ratio of 304.25 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced 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 net margin of 0.48% and a negative return on equity of 1.26%. As a group, equities 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be given a dividend of $0.205 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.25%. Kulicke and Soffa Industries’s payout ratio is 683.33%.

Analyst Ratings Changes

KLIC has been the topic of a number of recent research reports. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

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.