Teacher Retirement System of Texas Acquires New Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Teacher Retirement System of Texas bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the fourth quarter, HoldingsChannel reports. The fund bought 36,672 shares of the semiconductor company’s stock, valued at approximately $1,711,000.

A number of other large investors also recently modified their holdings of the company. William Blair Investment Management LLC lifted its holdings in shares of Kulicke and Soffa Industries by 2.2% during the fourth quarter. William Blair Investment Management LLC now owns 708,441 shares of the semiconductor company’s stock worth $33,056,000 after purchasing an additional 15,010 shares during the period. Signaturefd LLC lifted its holdings in Kulicke and Soffa Industries by 35.5% during the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock worth $50,000 after buying an additional 278 shares during the period. Cibc World Markets Corp bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $232,000. Royce & Associates LP increased its stake in shares of Kulicke and Soffa Industries by 4.9% in the fourth quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company’s stock valued at $54,379,000 after buying an additional 54,116 shares during the period. Finally, Natixis Advisors LLC bought a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth about $505,000. 98.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KLIC. 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 reaffirmed a “buy” rating and set a $53.00 price target on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $34.50 on Friday. The business’s fifty day moving average is $40.33 and its 200-day moving average is $44.03. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 287.50 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a one year low of $34.31 and a one year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. Research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 683.33%.

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.