Keeley Teton Advisors LLC Buys 3,384 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Keeley Teton Advisors LLC grew its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,956 shares of the semiconductor company’s stock after purchasing an additional 3,384 shares during the quarter. Keeley Teton Advisors LLC owned approximately 0.05% of Kulicke and Soffa Industries worth $1,507,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Victory Capital Management Inc. raised its position in Kulicke and Soffa Industries by 3.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,995,493 shares of the semiconductor company’s stock valued at $163,913,000 after buying an additional 91,934 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Kulicke and Soffa Industries by 4.7% in the first quarter. Vanguard Group Inc. now owns 2,841,236 shares of the semiconductor company’s stock valued at $142,943,000 after purchasing an additional 128,026 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kulicke and Soffa Industries by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 657,783 shares of the semiconductor company’s stock valued at $35,994,000 after purchasing an additional 21,687 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Kulicke and Soffa Industries by 8.1% during the first quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company’s stock valued at $32,619,000 after purchasing an additional 48,590 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in Kulicke and Soffa Industries by 27.2% during the fourth quarter. Westfield Capital Management Co. LP now owns 620,124 shares of the semiconductor company’s stock worth $33,933,000 after purchasing an additional 132,553 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KLIC shares. B. Riley decreased their price objective on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Kulicke and Soffa Industries in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.50.

Kulicke and Soffa Industries Stock Up 2.4 %

KLIC traded up $1.12 during trading on Friday, hitting $46.88. 538,804 shares of the company traded hands, compared to its average volume of 454,398. Kulicke and Soffa Industries, Inc. has a one year low of $40.20 and a one year high of $59.99. The stock’s fifty day moving average is $47.68 and its 200 day moving average is $48.54. The firm has a market cap of $2.60 billion, a P/E ratio of -39.39 and a beta of 1.40.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19). Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The company had revenue of $172.10 million during the quarter, compared to analysts’ expectations of $170.20 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post -0.31 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th were paid a $0.20 dividend. The ex-dividend date was Thursday, June 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.71%. Kulicke and Soffa Industries’s payout ratio is presently -67.23%.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, Director Peter T. M. Kong acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average price of $47.51 per share, with a total value of $47,510.00. Following the acquisition, the director now owns 92,072 shares in the company, valued at approximately $4,374,340.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.