Legacy Capital Group California Inc. Sells 948 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Legacy Capital Group California Inc. lowered its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,125 shares of the semiconductor company’s stock after selling 948 shares during the period. Legacy Capital Group California Inc.’s holdings in Kulicke and Soffa Industries were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Artemis Investment Management LLP bought a new stake in shares of Kulicke and Soffa Industries in the first quarter worth about $26,036,000. The Manufacturers Life Insurance Company increased its stake in Kulicke and Soffa Industries by 37.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,075,790 shares of the semiconductor company’s stock worth $52,918,000 after acquiring an additional 291,787 shares during the last quarter. Copeland Capital Management LLC boosted its position in shares of Kulicke and Soffa Industries by 22.0% during the 3rd quarter. Copeland Capital Management LLC now owns 1,469,516 shares of the semiconductor company’s stock valued at $66,319,000 after acquiring an additional 264,638 shares during the last quarter. DDD Partners LLC purchased a new position in shares of Kulicke and Soffa Industries in the second quarter valued at $8,163,000. Finally, Emerald Advisers LLC increased its position in Kulicke and Soffa Industries by 57.5% in the second quarter. Emerald Advisers LLC now owns 443,002 shares of the semiconductor company’s stock worth $21,791,000 after purchasing an additional 161,791 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of KLIC stock opened at $43.26 on Friday. The company has a market cap of $2.40 billion, a P/E ratio of -36.35 and a beta of 1.38. The stock’s 50-day moving average is $42.84 and its 200 day moving average is $45.39. Kulicke and Soffa Industries, Inc. has a 1-year low of $38.20 and a 1-year high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted 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 firm had revenue of $181.70 million during the quarter, compared to analyst estimates of $179.28 million. During the same quarter in the previous year, the business posted $0.55 EPS. Kulicke and Soffa Industries’s revenue was down 4.8% on a year-over-year basis. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio is presently -67.23%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen reduced their target price on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Craig Hallum dropped their target price on 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. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of “Hold” and an average target price 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.