Cwm LLC Has $87,000 Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Cwm LLC increased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 101.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,923 shares of the semiconductor company’s stock after buying an additional 970 shares during the quarter. Cwm LLC’s holdings in Kulicke and Soffa Industries were worth $87,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in shares of Kulicke and Soffa Industries by 8.1% during the first quarter. First Eagle Investment Management LLC now owns 205,299 shares of the semiconductor company’s stock worth $10,329,000 after buying an additional 15,350 shares in the last quarter. Heartland Advisors Inc. increased its holdings in shares of Kulicke and Soffa Industries by 813.0% during the first quarter. Heartland Advisors Inc. now owns 95,606 shares of the semiconductor company’s stock worth $4,810,000 after buying an additional 85,134 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Kulicke and Soffa Industries by 26.8% during the first quarter. Russell Investments Group Ltd. now owns 460,704 shares of the semiconductor company’s stock worth $23,178,000 after buying an additional 97,278 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Kulicke and Soffa Industries by 8.1% during the first quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company’s stock worth $32,619,000 after buying an additional 48,590 shares in the last quarter. Finally, Olstein Capital Management L.P. increased its holdings in shares of Kulicke and Soffa Industries by 15.9% during the first quarter. Olstein Capital Management L.P. now owns 201,000 shares of the semiconductor company’s stock worth $10,112,000 after buying an additional 27,597 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

KLIC opened at $44.59 on Friday. Kulicke and Soffa Industries, Inc. has a one year low of $38.20 and a one year high of $56.71. The company’s 50 day simple moving average is $42.87 and its 200-day simple moving average is $45.36. The stock has a market capitalization of $2.43 billion, a P/E ratio of -42.87 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data 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. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The firm had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $179.28 million. During the same period last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th were paid a $0.20 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.79%. Kulicke and Soffa Industries’s payout ratio is presently -76.92%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Craig Hallum dropped 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 report on Thursday, August 8th. TD Cowen decreased their price target on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of “Hold” and an average price target of $47.33.

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.