Yousif Capital Management LLC Has $651,000 Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Yousif Capital Management LLC lowered its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 3.5% in the first quarter, Holdings Channel.com reports. The firm owned 19,747 shares of the semiconductor company’s stock after selling 709 shares during the period. Yousif Capital Management LLC’s holdings in Kulicke and Soffa Industries were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KLIC. Empowered Funds LLC bought a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at approximately $346,000. Rhumbline Advisers lifted its stake in Kulicke and Soffa Industries by 8.2% during the 4th quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company’s stock valued at $7,628,000 after acquiring an additional 12,355 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Kulicke and Soffa Industries by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 262,799 shares of the semiconductor company’s stock valued at $12,262,000 after acquiring an additional 4,613 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Kulicke and Soffa Industries during the 4th quarter worth $253,000. Finally, D.A. Davidson & CO. grew its stake in shares of Kulicke and Soffa Industries by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 10,951 shares of the semiconductor company’s stock worth $511,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

NASDAQ KLIC opened at $33.46 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of 92.95 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71. The company has a 50-day simple moving average of $32.57 and a 200 day simple moving average of $38.45.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.71). Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. The company had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. During the same period last year, the firm posted ($0.95) EPS. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 2.45%. Kulicke and Soffa Industries’s payout ratio is presently 227.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. DA Davidson lowered their target price on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, May 8th. TD Cowen decreased their price objective on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, May 7th. Finally, Needham & Company LLC dropped their target price on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

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.