Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Position Trimmed by Sei Investments Co.

Sei Investments Co. lowered its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 278,559 shares of the semiconductor company’s stock after selling 3,127 shares during the period. Sei Investments Co. owned approximately 0.52% of Kulicke and Soffa Industries worth $12,998,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of KLIC. Magnetar Financial LLC acquired a new stake in shares of Kulicke and Soffa Industries in the fourth quarter worth $362,000. Teacher Retirement System of Texas acquired a new stake in Kulicke and Soffa Industries during the 4th quarter worth about $1,711,000. William Blair Investment Management LLC grew its stake in Kulicke and Soffa Industries by 2.2% during the 4th quarter. William Blair Investment Management LLC now owns 708,441 shares of the semiconductor company’s stock valued at $33,056,000 after acquiring an additional 15,010 shares in the last quarter. Signaturefd LLC increased its holdings in shares of 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. Finally, Cibc World Markets Corp purchased a new stake in shares of Kulicke and Soffa Industries in the fourth quarter worth approximately $232,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $33.06 on Friday. The firm has a market cap of $1.76 billion, a P/E ratio of 275.50 and a beta of 1.38. The stock’s 50-day moving average is $40.04 and its two-hundred day moving average is $43.99. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $32.92 and a fifty-two week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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%. On average, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $53.00 target price on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on 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 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.