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

Bridge City Capital LLC boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,545 shares of the semiconductor company’s stock after purchasing an additional 4,113 shares during the quarter. Kulicke and Soffa Industries makes up about 1.2% of Bridge City Capital LLC’s investment portfolio, making the stock its 28th largest holding. Bridge City Capital LLC owned about 0.19% of Kulicke and Soffa Industries worth $4,691,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd acquired a new stake in Kulicke and Soffa Industries during the third quarter worth about $4,062,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Kulicke and Soffa Industries by 105.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 146,079 shares of the semiconductor company’s stock worth $6,593,000 after purchasing an additional 75,043 shares during the period. TimesSquare Capital Management LLC lifted its holdings 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 worth $24,768,000 after purchasing an additional 74,920 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $2,916,000. Finally, Royce & Associates LP boosted 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 valued at $54,379,000 after purchasing an additional 54,116 shares during the period. Institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

KLIC has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 target price on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. StockNews.com upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Kulicke and Soffa Industries Stock Down 0.4 %

Shares of NASDAQ KLIC opened at $35.76 on Friday. The stock has a market cap of $1.91 billion, a P/E ratio of 298.00 and a beta of 1.38. The firm’s 50-day simple moving average is $41.15 and its 200 day simple moving average is $44.16. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $34.84 and a fifty-two week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. On average, sell-side analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is presently 683.33%.

Kulicke and Soffa Industries 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.