Ceredex Value Advisors LLC Has $11.89 Million Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Ceredex Value Advisors LLC lessened its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 16.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 262,337 shares of the semiconductor company’s stock after selling 53,100 shares during the period. Ceredex Value Advisors LLC’s holdings in Kulicke and Soffa Industries were worth $11,891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KLIC. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Kulicke and Soffa Industries by 14.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,249 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 907 shares during the last quarter. Signaturefd LLC boosted its position in Kulicke and Soffa Industries by 226.3% during the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 543 shares during the last quarter. Copeland Capital Management LLC grew its holdings in 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 worth $66,319,000 after acquiring an additional 264,638 shares during the period. Creative Planning raised its position in shares of Kulicke and Soffa Industries by 127.2% in the 3rd quarter. Creative Planning now owns 25,864 shares of the semiconductor company’s stock worth $1,167,000 after acquiring an additional 14,480 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Kulicke and Soffa Industries by 101.8% in the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 970 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $45.58 on Friday. The company has a 50-day moving average price of $43.14 and a 200-day moving average price of $45.26. The stock has a market capitalization of $2.48 billion, a P/E ratio of -43.83 and a beta of 1.38. 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 issued 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. The firm had revenue of $181.70 million during the quarter, compared to the consensus estimate of $179.28 million. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. As a group, equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.45 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 19th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries’s payout ratio is currently -76.92%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday. Craig Hallum lowered 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 note on Thursday, August 8th. Finally, TD Cowen dropped their price target on 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.