Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Legacy Capital Group California Inc.

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

A number of other hedge funds have also modified their holdings of KLIC. Headlands Technologies LLC purchased a new position in Kulicke and Soffa Industries in the 1st quarter worth approximately $29,000. Signaturefd LLC lifted its holdings in Kulicke and Soffa Industries by 226.3% in 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. Blue Trust Inc. grew its position in Kulicke and Soffa Industries by 17,075.0% in the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 1,366 shares during the period. Innealta Capital LLC purchased a new stake in Kulicke and Soffa Industries in the second quarter valued at $73,000. Finally, CWM LLC increased its position in shares of Kulicke and Soffa Industries by 101.8% during the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 970 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Price Performance

KLIC opened at $43.26 on Friday. The business has a fifty day moving average price of $42.84 and a 200 day moving average price of $45.39. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -36.35 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 12 month low of $38.20 and a 12 month high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $179.28 million. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. On average, research analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.45 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 19th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio is currently -67.23%.

Analysts Set New Price Targets

KLIC has been the subject of a number of recent analyst reports. Craig Hallum dropped their price target on shares of 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. TD Cowen cut their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research report 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, the company currently has a consensus rating of “Hold” and a consensus target price of $47.33.

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.