Thrivent Financial for Lutherans Decreases Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Thrivent Financial for Lutherans decreased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,640 shares of the semiconductor company’s stock after selling 1,165 shares during the period. Thrivent Financial for Lutherans’ holdings in Kulicke and Soffa Industries were worth $1,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KLIC. Barclays PLC raised its holdings in Kulicke and Soffa Industries by 85.2% during the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company’s stock valued at $4,361,000 after buying an additional 44,429 shares during the period. Citigroup Inc. grew its holdings in Kulicke and Soffa Industries by 37.4% during the 3rd quarter. Citigroup Inc. now owns 150,533 shares of the semiconductor company’s stock valued at $6,794,000 after purchasing an additional 40,990 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Kulicke and Soffa Industries by 27.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 88,712 shares of the semiconductor company’s stock valued at $3,977,000 after purchasing an additional 19,279 shares during the last quarter. Stifel Financial Corp raised its position in Kulicke and Soffa Industries by 32.4% in the 3rd 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 period. Finally, Rhumbline Advisers lifted its stake in Kulicke and Soffa Industries by 8.2% in 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. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Trading Down 4.2 %

Shares of KLIC stock opened at $33.06 on Friday. Kulicke and Soffa Industries, Inc. has a twelve month low of $32.92 and a twelve month high of $53.71. The stock has a fifty day simple moving average of $40.04 and a two-hundred day simple moving average of $44.02. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 275.50 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data 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 negative return on equity of 1.26% and a net margin of 0.48%. Research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders 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 dividend yield of 2.48%. Kulicke and Soffa Industries’s dividend payout ratio is presently 683.33%.

Analyst Ratings Changes

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