Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,244 shares of the semiconductor company’s stock after selling 7,714 shares during the quarter. Edgestream Partners L.P. owned 0.27% of Kulicke and Soffa Industries worth $7,341,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in shares of Kulicke and Soffa Industries in the first quarter worth $29,000. Principal Securities Inc. bought a new position in Kulicke and Soffa Industries in the 4th quarter valued at about $33,000. Quadrant Capital Group LLC increased its stake in Kulicke and Soffa Industries by 29.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 272 shares during the period. CWM LLC raised its position in shares of Kulicke and Soffa Industries by 53.4% during the 1st quarter. CWM LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after buying an additional 416 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Kulicke and Soffa Industries by 17,075.0% in the 2nd 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. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $40.37 on Tuesday. The company has a market capitalization of $2.24 billion, a P/E ratio of -33.92 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. The company’s 50 day simple moving average is $44.06 and its 200 day simple moving average is $46.39.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $181.70 million for the quarter, compared to analysts’ expectations 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 was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. On average, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 19th will be given a $0.20 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.98%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.23%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KLIC shares. Craig Hallum lowered their price objective on shares of 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. TD Cowen dropped their price objective on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.