Magnetar Financial LLC Takes Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Magnetar Financial LLC bought a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,760 shares of the semiconductor company’s stock, valued at approximately $362,000.

Several other hedge funds have also bought and sold shares of KLIC. Advisors Asset Management Inc. boosted its stake in Kulicke and Soffa Industries by 137.5% during the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 414 shares in the last quarter. GAMMA Investing LLC boosted its stake in Kulicke and Soffa Industries by 61.0% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 387 shares in the last quarter. Signaturefd LLC boosted its stake in Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 278 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Kulicke and Soffa Industries during the third quarter worth about $53,000. Finally, Smartleaf Asset Management LLC boosted its stake in Kulicke and Soffa Industries by 397.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 918 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Needham & Company LLC reaffirmed 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 shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $35.76 on Friday. The firm has a fifty day moving average price of $41.15 and a 200-day moving average price of $44.16. The stock has a market cap of $1.91 billion, a PE ratio of 298.00 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 1 year low of $34.84 and a 1 year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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%. On average, research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.82 annualized dividend and a yield of 2.29%. Kulicke and Soffa Industries’s payout ratio is 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.