Katamaran Capital LLP Invests $1.44 Million in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Katamaran Capital LLP bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 4th quarter, HoldingsChannel reports. The fund bought 30,860 shares of the semiconductor company’s stock, valued at approximately $1,440,000. Kulicke and Soffa Industries comprises 1.8% of Katamaran Capital LLP’s portfolio, making the stock its 21st biggest position.

Several other hedge funds have also recently added to or reduced their stakes in KLIC. Vanguard Group Inc. grew its stake in shares of 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 in the last quarter. Copeland Capital Management LLC grew its position in Kulicke and Soffa Industries by 2.3% in the 4th quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company’s stock valued at $70,113,000 after buying an additional 33,124 shares in the last quarter. Royce & Associates LP grew its position in Kulicke and Soffa Industries by 4.9% in the 4th 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 in the last quarter. William Blair Investment Management LLC increased its stake in Kulicke and Soffa Industries by 2.2% during the 4th quarter. William Blair Investment Management LLC now owns 708,441 shares of the semiconductor company’s stock valued at $33,056,000 after buying an additional 15,010 shares during the period. Finally, TimesSquare Capital Management LLC raised its position in shares of Kulicke and Soffa Industries by 16.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 530,827 shares of the semiconductor company’s stock worth $24,768,000 after buying an additional 74,920 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. 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 reiterated 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $29.12 on Friday. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $53.71. The company has a market capitalization of $1.55 billion, a P/E ratio of 242.67 and a beta of 1.38. The company’s 50 day simple moving average is $38.57 and its 200 day simple moving average is $43.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) 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%. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is 683.33%.

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.