Ceredex Value Advisors LLC Sells 53,100 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Ceredex Value Advisors LLC reduced its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 16.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 262,337 shares of the semiconductor company’s stock after selling 53,100 shares during the quarter. Ceredex Value Advisors LLC owned about 0.47% of Kulicke and Soffa Industries worth $11,891,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in shares of Kulicke and Soffa Industries in the first quarter valued at about $29,000. Signaturefd LLC grew its position in shares of Kulicke and Soffa Industries by 226.3% during the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 543 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Kulicke and Soffa Industries by 17,075.0% during the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 1,366 shares during the period. Innealta Capital LLC acquired a new stake in shares of Kulicke and Soffa Industries in the second quarter valued at approximately $73,000. Finally, CWM LLC boosted its stake in shares of Kulicke and Soffa Industries by 101.8% in the third quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 970 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KLIC has been the topic of a number of recent research reports. Craig Hallum lowered their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, TD Cowen reduced their price objective on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $47.33.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC opened at $45.58 on Friday. Kulicke and Soffa Industries, Inc. has a 52-week low of $38.20 and a 52-week high of $56.71. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -43.83 and a beta of 1.38. The business’s fifty day moving average is $43.14 and its 200-day moving average is $45.26.

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

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries’s payout ratio is -76.92%.

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.