Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) is Olstein Capital Management L.P.’s 9th Largest Position

Olstein Capital Management L.P. increased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 201,000 shares of the semiconductor company’s stock after purchasing an additional 27,597 shares during the period. Kulicke and Soffa Industries makes up about 1.7% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 9th largest position. Olstein Capital Management L.P. owned about 0.36% of Kulicke and Soffa Industries worth $10,112,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KLIC. Artemis Investment Management LLP purchased a new stake in Kulicke and Soffa Industries during the 1st quarter valued at $26,036,000. Norges Bank purchased a new stake in shares of Kulicke and Soffa Industries in the fourth quarter valued at $18,531,000. American Century Companies Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 2,821,598 shares of the semiconductor company’s stock worth $137,214,000 after acquiring an additional 251,773 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Kulicke and Soffa Industries during the 4th quarter worth about $9,215,000. Finally, Vanguard Group Inc. grew its holdings in Kulicke and Soffa Industries by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,670,432 shares of the semiconductor company’s stock valued at $129,863,000 after purchasing an additional 159,483 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

KLIC stock traded up $0.11 during mid-day trading on Wednesday, reaching $49.24. The company had a trading volume of 165,974 shares, compared to its average volume of 466,827. The company has a market capitalization of $2.73 billion, a PE ratio of -41.40 and a beta of 1.40. The firm has a 50 day moving average of $46.86 and a 200 day moving average of $49.02. Kulicke and Soffa Industries, Inc. has a 12 month low of $40.20 and a 12 month high of $59.99.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.19). Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The firm had revenue of $172.10 million for the quarter, compared to the consensus estimate of $170.20 million. During the same quarter last year, the firm earned $0.38 EPS. The company’s revenue was down .5% compared to the same quarter last year. Analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.31 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 20th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.80 annualized dividend and a yield of 1.62%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.23%.

Insider Activity at Kulicke and Soffa Industries

In related news, Director Peter T. M. Kong purchased 1,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were acquired at an average price of $47.51 per share, for a total transaction of $47,510.00. Following the purchase, the director now owns 92,072 shares of the company’s stock, valued at approximately $4,374,340.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. B. Riley dropped their price objective on Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Kulicke and Soffa Industries currently has an average rating of “Hold” and an average target price of $53.50.

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.