Bank of New York Mellon Corp Raises Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Bank of New York Mellon Corp boosted its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 12.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 671,675 shares of the semiconductor company’s stock after acquiring an additional 73,243 shares during the quarter. Bank of New York Mellon Corp owned about 1.21% of Kulicke and Soffa Industries worth $33,040,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KLIC. Headlands Technologies LLC acquired a new stake in shares of Kulicke and Soffa Industries during the first quarter worth about $29,000. Principal Securities Inc. acquired a new position in Kulicke and Soffa Industries in the 4th quarter worth approximately $33,000. CWM LLC raised its position in Kulicke and Soffa Industries by 120.7% during the 4th quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after buying an additional 426 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Kulicke and Soffa Industries by 29.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 272 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 17,075.0% in the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 1,366 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Trading Down 7.5 %

NASDAQ KLIC opened at $40.52 on Wednesday. Kulicke and Soffa Industries, Inc. has a twelve month low of $38.53 and a twelve month high of $56.71. The stock has a 50-day moving average of $45.82 and a 200 day moving average of $47.05. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -34.05 and a beta of 1.40.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. Equities analysts predict that Kulicke and Soffa Industries, Inc. will post -0.45 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, October 8th. Investors of record on Thursday, September 19th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio is presently -67.23%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KLIC shares. Craig Hallum lowered their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. TD Cowen lowered their price objective on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $47.33.

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.