Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stock Holdings Boosted by Olstein Capital Management L.P.

Olstein Capital Management L.P. grew its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 22.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 246,405 shares of the semiconductor company’s stock after buying an additional 45,405 shares during the period. Kulicke and Soffa Industries comprises 1.9% of Olstein Capital Management L.P.’s portfolio, making the stock its 3rd biggest holding. Olstein Capital Management L.P.’s holdings in Kulicke and Soffa Industries were worth $11,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Creative Planning lifted its position in shares of Kulicke and Soffa Industries by 3.4% during the second quarter. Creative Planning now owns 11,384 shares of the semiconductor company’s stock worth $560,000 after acquiring an additional 372 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Kulicke and Soffa Industries by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 49,309 shares of the semiconductor company’s stock worth $2,481,000 after purchasing an additional 525 shares during the period. Signaturefd LLC increased its holdings in shares of Kulicke and Soffa Industries by 226.3% in the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 543 shares during the period. Headlands Technologies LLC bought a new position in shares of Kulicke and Soffa Industries in the first quarter worth $29,000. Finally, Donald L. Hagan LLC increased its holdings in shares of Kulicke and Soffa Industries by 10.6% in the second quarter. Donald L. Hagan LLC now owns 6,525 shares of the semiconductor company’s stock worth $321,000 after purchasing an additional 626 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

KLIC has been the topic of several research analyst reports. StockNews.com cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. TD Cowen decreased their price target on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Finally, Craig Hallum decreased their price target on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of “Hold” and an average price target of $47.33.

Kulicke and Soffa Industries Stock Performance

KLIC traded up $0.27 during trading on Thursday, reaching $49.63. The stock had a trading volume of 43,166 shares, compared to its average volume of 486,919. The stock has a market cap of $2.71 billion, a PE ratio of -47.46 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a one year low of $38.20 and a one year high of $56.71. The business has a 50-day moving average of $43.42 and a 200-day moving average of $45.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The firm had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $179.28 million. During the same period last year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.61%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -76.92%.

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.