Ellevest Inc. Purchases 2,891 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Ellevest Inc. raised its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 33.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,449 shares of the semiconductor company’s stock after buying an additional 2,891 shares during the quarter. Ellevest Inc.’s holdings in Kulicke and Soffa Industries were worth $534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KLIC. Summit Securities Group LLC bought a new stake in Kulicke and Soffa Industries in the 4th quarter valued at about $37,000. GAMMA Investing LLC raised its position in shares of Kulicke and Soffa Industries by 61.0% in the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 387 shares during the period. Signaturefd LLC lifted its stake 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 buying an additional 278 shares in the last quarter. 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 worth $53,000 after buying an additional 918 shares during the period. Finally, Quadrant Capital Group LLC grew its stake 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 buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

KLIC has been the subject of a number of analyst reports. DA Davidson cut their price target on 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 reduced their target price on 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 upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, 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 research report on Wednesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kulicke and Soffa Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Kulicke and Soffa Industries Stock Up 0.4 %

NASDAQ:KLIC opened at $31.85 on Friday. The stock has a market cap of $1.70 billion, a P/E ratio of 265.42 and a beta of 1.53. The business’s 50-day moving average price is $32.83 and its two-hundred day moving average price is $41.28. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.71). The company had revenue of $161.99 million for the quarter, compared to the consensus estimate 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 for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.95) earnings per share. On average, equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a 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 currently 683.33%.

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.