8,199 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Bought by Olympiad Research LP

Olympiad Research LP bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 8,199 shares of the semiconductor company’s stock, valued at approximately $370,000.

Several other institutional investors and hedge funds have also bought and sold shares of KLIC. Texas Permanent School Fund Corp lifted its stake in shares of Kulicke and Soffa Industries by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 49,309 shares of the semiconductor company’s stock valued at $2,481,000 after buying an additional 525 shares in the last quarter. Quantbot Technologies LP boosted its stake in Kulicke and Soffa Industries by 64.7% in the first quarter. Quantbot Technologies LP now owns 20,954 shares of the semiconductor company’s stock valued at $1,054,000 after acquiring an additional 8,235 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Kulicke and Soffa Industries by 78.2% during the 1st quarter. SG Americas Securities LLC now owns 25,585 shares of the semiconductor company’s stock valued at $1,287,000 after buying an additional 11,230 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Kulicke and Soffa Industries by 8.1% during the 1st quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company’s stock valued at $32,619,000 after buying an additional 48,590 shares during the last quarter. Finally, Heartland Advisors Inc. lifted its position in shares of Kulicke and Soffa Industries by 813.0% during the 1st quarter. Heartland Advisors Inc. now owns 95,606 shares of the semiconductor company’s stock valued at $4,810,000 after buying an additional 85,134 shares during the last quarter. 98.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

KLIC has been the topic of a number of analyst reports. Craig Hallum decreased their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Finally, TD Cowen dropped their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Kulicke and Soffa Industries presently has an average rating of “Hold” and an average target price of $47.33.

Kulicke and Soffa Industries Stock Down 1.3 %

KLIC stock opened at $48.73 on Friday. Kulicke and Soffa Industries, Inc. has a twelve month low of $38.20 and a twelve month high of $56.71. The firm has a market cap of $2.66 billion, a PE ratio of -46.86 and a beta of 1.38. The business has a 50 day moving average of $43.53 and a 200 day moving average of $45.33.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $181.70 million during the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. On average, research analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries’s payout ratio is -76.92%.

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.