Raymond James & Associates Acquires 3,849 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Raymond James & Associates lifted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 12.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,970 shares of the semiconductor company’s stock after acquiring an additional 3,849 shares during the period. Raymond James & Associates’ holdings in Kulicke and Soffa Industries were worth $1,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Kulicke and Soffa Industries during the 1st quarter worth approximately $29,000. Principal Securities Inc. bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth $33,000. CWM LLC grew its holdings in Kulicke and Soffa Industries by 120.7% during the fourth quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after buying an additional 426 shares in the last quarter. Quadrant Capital Group LLC raised its position in Kulicke and Soffa Industries by 29.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 272 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Kulicke and Soffa Industries by 17,075.0% during 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 in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $40.52 on Wednesday. The firm has a market cap of $2.25 billion, a PE ratio of -33.83 and a beta of 1.40. Kulicke and Soffa Industries, Inc. has a 1 year low of $38.53 and a 1 year high of $56.71. The stock has a fifty day moving average price of $45.82 and a 200-day moving average price of $47.05.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The business had revenue of $181.70 million for the quarter, compared to analyst estimates of $179.28 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend 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 (DPR) is -67.23%.

Analysts Set New Price Targets

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

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.