Personal CFO Solutions LLC Acquires 341 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Personal CFO Solutions LLC increased its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,576 shares of the semiconductor company’s stock after acquiring an additional 341 shares during the period. Personal CFO Solutions LLC’s holdings in Kulicke and Soffa Industries were worth $260,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Kulicke and Soffa Industries by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,735 shares of the semiconductor company’s stock worth $891,000 after acquiring an additional 250 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Kulicke and Soffa Industries by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company’s stock worth $1,695,000 after acquiring an additional 371 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. D.A. Davidson & CO. boosted its stake in Kulicke and Soffa Industries by 3.8% during the fourth 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. Finally, 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. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 4.9 %

NASDAQ:KLIC opened at $36.19 on Tuesday. The company’s 50 day moving average price is $43.14 and its 200-day moving average price is $44.60. Kulicke and Soffa Industries, Inc. has a 52 week low of $33.28 and a 52 week high of $53.71. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 301.58 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 13th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 11.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Kulicke and Soffa Industries Dividend Announcement

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 issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is currently 683.33%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. DA Davidson dropped their price objective on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. StockNews.com upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $53.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Finally, TD Cowen increased their price target on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.