Arrowpoint Investment Partners Singapore Pte. Ltd. Takes Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the 4th quarter, Holdings Channel reports. The fund bought 9,500 shares of the semiconductor company’s stock, valued at approximately $443,000.

Several other large investors have also added to or reduced their stakes in KLIC. Barclays PLC boosted its holdings in shares of Kulicke and Soffa Industries by 85.2% during the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company’s stock worth $4,361,000 after buying an additional 44,429 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at $548,000. Rhumbline Advisers lifted its position in shares of Kulicke and Soffa Industries by 8.2% during the 4th quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company’s stock valued at $7,628,000 after acquiring an additional 12,355 shares during the period. Empowered Funds LLC bought a new position in Kulicke and Soffa Industries during the fourth quarter worth $346,000. Finally, Vanguard Group Inc. grew its holdings in Kulicke and Soffa Industries by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company’s stock worth $152,975,000 after purchasing an additional 50,430 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

KLIC stock opened at $33.26 on Wednesday. The business has a 50-day simple moving average of $32.44 and a two-hundred day simple moving average of $40.71. The company has a market capitalization of $1.76 billion, a P/E ratio of 277.17 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The company had revenue of $161.99 million for the quarter, compared to analysts’ expectations of $165.10 million. During the same period in the previous year, the firm earned ($0.95) EPS. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.47%. Kulicke and Soffa Industries’s dividend payout ratio is currently 227.78%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KLIC shares. Needham & Company LLC dropped their price objective on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. DA Davidson decreased their target price on Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, TD Cowen reduced their price objective on Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of “Moderate Buy” and an average price target of $44.50.

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.