Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Holdings Cut by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. decreased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 16.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,047 shares of the semiconductor company’s stock after selling 2,640 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Kulicke and Soffa Industries were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Kulicke and Soffa Industries by 1,770.2% during the 1st quarter. GAMMA Investing LLC now owns 19,095 shares of the semiconductor company’s stock worth $579,000 after purchasing an additional 18,074 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Kulicke and Soffa Industries by 99.7% during the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 606 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Kulicke and Soffa Industries in the 4th quarter valued at $548,000. Vanguard Group Inc. grew its stake in Kulicke and Soffa Industries by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company’s stock valued at $152,975,000 after buying an additional 50,430 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Kulicke and Soffa Industries in the 4th quarter valued at $2,916,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

KLIC has been the topic of a number of research analyst reports. TD Cowen lowered their target price on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, May 7th. DA Davidson decreased their price target on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Needham & Company LLC decreased their price target on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $36.75 on Friday. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 102.09 and a beta of 1.54. The company’s fifty day moving average is $33.62 and its two-hundred day moving average is $37.42. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.71). The company had revenue of $161.99 million during the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.95) earnings per share. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Wednesday, June 18th. Kulicke and Soffa Industries’s payout ratio is 227.78%.

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.