8,199 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Bought by Olympiad Research LP

Olympiad Research LP acquired a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,199 shares of the semiconductor company’s stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KLIC. Texas Permanent School Fund Corp raised its holdings in shares of Kulicke and Soffa Industries by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 49,309 shares of the semiconductor company’s stock worth $2,481,000 after acquiring an additional 525 shares during the period. Quantbot Technologies LP increased its stake in Kulicke and Soffa Industries by 64.7% in the 1st quarter. Quantbot Technologies LP now owns 20,954 shares of the semiconductor company’s stock valued at $1,054,000 after buying an additional 8,235 shares during the last quarter. SG Americas Securities LLC increased its stake in Kulicke and Soffa Industries by 78.2% in the 1st quarter. SG Americas Securities LLC now owns 25,585 shares of the semiconductor company’s stock valued at $1,287,000 after buying an additional 11,230 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in Kulicke and Soffa Industries by 8.1% in the 1st quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company’s stock valued at $32,619,000 after buying an additional 48,590 shares during the last quarter. Finally, Heartland Advisors Inc. increased its stake in Kulicke and Soffa Industries by 813.0% in the 1st quarter. Heartland Advisors Inc. now owns 95,606 shares of the semiconductor company’s stock valued at $4,810,000 after buying an additional 85,134 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Price Performance

Kulicke and Soffa Industries stock opened at $48.73 on Friday. The firm has a market capitalization of $2.66 billion, a PE ratio of -46.86 and a beta of 1.38. The company’s 50-day moving average is $43.53 and its 200-day moving average is $45.33. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $38.20 and a fifty-two week high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced 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 business had revenue of $181.70 million during the quarter, compared to the consensus estimate of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. Kulicke and Soffa Industries’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. As a group, analysts expect that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -76.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KLIC shares. Craig Hallum lowered 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 research note on Thursday, August 8th. TD Cowen lowered 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 research note on Thursday, August 8th. Finally, StockNews.com lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $47.33.

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.