Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Acquired by Bridge City Capital LLC

Bridge City Capital LLC grew its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 100,545 shares of the semiconductor company’s stock after acquiring an additional 4,113 shares during the quarter. Kulicke and Soffa Industries makes up about 1.2% of Bridge City Capital LLC’s portfolio, making the stock its 28th biggest position. Bridge City Capital LLC’s holdings in Kulicke and Soffa Industries were worth $4,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KLIC. Pinpoint Asset Management Ltd purchased a new stake in Kulicke and Soffa Industries during the third quarter valued at about $4,062,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Kulicke and Soffa Industries by 105.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 146,079 shares of the semiconductor company’s stock valued at $6,593,000 after acquiring an additional 75,043 shares during the period. TimesSquare Capital Management LLC lifted its position in shares of Kulicke and Soffa Industries by 16.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 530,827 shares of the semiconductor company’s stock valued at $24,768,000 after acquiring an additional 74,920 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Kulicke and Soffa Industries in the 4th quarter worth approximately $2,916,000. Finally, Royce & Associates LP grew its position in Kulicke and Soffa Industries by 4.9% during the 4th quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company’s stock worth $54,379,000 after purchasing an additional 54,116 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 0.4 %

Shares of NASDAQ:KLIC opened at $35.76 on Friday. The firm has a fifty day moving average of $41.15 and a two-hundred day moving average of $44.16. Kulicke and Soffa Industries, Inc. has a 12-month low of $34.84 and a 12-month high of $53.71. The firm has a market capitalization of $1.91 billion, a P/E ratio of 298.00 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. Equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be issued a $0.205 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.29%. Kulicke and Soffa Industries’s dividend payout ratio is currently 683.33%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KLIC. Needham & Company LLC restated a “buy” rating and issued a $53.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

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.