Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 44.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,024 shares of the semiconductor company’s stock after selling 824 shares during the period. US Bancorp DE’s holdings in Kulicke and Soffa Industries were worth $48,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Kulicke and Soffa Industries by 85.2% during the third quarter. Barclays PLC now owns 96,604 shares of the semiconductor company’s stock valued at $4,361,000 after acquiring an additional 44,429 shares in the last quarter. Citigroup Inc. grew its stake in shares of Kulicke and Soffa Industries by 37.4% during the third quarter. Citigroup Inc. now owns 150,533 shares of the semiconductor company’s stock valued at $6,794,000 after acquiring an additional 40,990 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Kulicke and Soffa Industries by 27.8% during the third quarter. Kovitz Investment Group Partners LLC now owns 88,712 shares of the semiconductor company’s stock worth $3,977,000 after purchasing an additional 19,279 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Kulicke and Soffa Industries by 32.4% during the third quarter. Stifel Financial Corp now owns 48,328 shares of the semiconductor company’s stock worth $2,181,000 after purchasing an additional 11,836 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Kulicke and Soffa Industries by 8.2% during the fourth quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company’s stock worth $7,628,000 after purchasing an additional 12,355 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Stock Down 1.3 %

Shares of NASDAQ KLIC opened at $36.37 on Wednesday. The firm’s 50-day moving average price is $41.81 and its two-hundred day moving average price is $44.31. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.04 and a 52-week high of $53.71. The stock has a market capitalization of $1.94 billion, a P/E ratio of 303.08 and a beta of 1.38.

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

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be issued a $0.205 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.25%. Kulicke and Soffa Industries’s dividend payout ratio is currently 683.33%.

Analysts Set New Price Targets

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

Kulicke and Soffa Industries Company 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.