Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 35.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 94,743 shares of the semiconductor company’s stock after selling 51,336 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Kulicke and Soffa Industries were worth $4,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in KLIC. Advisors Asset Management Inc. increased its holdings in Kulicke and Soffa Industries by 137.5% in the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 414 shares in the last quarter. Intech Investment Management LLC purchased a new position in Kulicke and Soffa Industries in the third quarter valued at about $608,000. Citigroup Inc. increased its holdings in Kulicke and Soffa Industries by 37.4% in the third quarter. Citigroup Inc. now owns 150,533 shares of the semiconductor company’s stock valued at $6,794,000 after buying an additional 40,990 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Kulicke and Soffa Industries by 9.3% in the third quarter. D.A. Davidson & CO. now owns 10,551 shares of the semiconductor company’s stock valued at $476,000 after buying an additional 900 shares in the last quarter. Finally, FMR LLC increased its holdings in Kulicke and Soffa Industries by 308.6% in the third quarter. FMR LLC now owns 13,369 shares of the semiconductor company’s stock valued at $603,000 after buying an additional 10,097 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $53.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. StockNews.com raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Kulicke and Soffa Industries Price Performance

Shares of KLIC opened at $36.74 on Monday. The firm has a 50 day simple moving average of $42.26 and a 200-day simple moving average of $44.40. Kulicke and Soffa Industries, Inc. has a 1-year low of $35.04 and a 1-year high of $53.71. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 306.17 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. On average, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.82 annualized dividend and a yield of 2.23%. Kulicke and Soffa Industries’s payout ratio is currently 683.33%.

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.