SRS Capital Advisors Inc. Acquires 443 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

SRS Capital Advisors Inc. increased its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 340.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 573 shares of the semiconductor company’s stock after purchasing an additional 443 shares during the period. SRS Capital Advisors Inc.’s holdings in Kulicke and Soffa Industries were worth $31,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in shares of Kulicke and Soffa Industries by 3.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,995,493 shares of the semiconductor company’s stock valued at $163,913,000 after acquiring an additional 91,934 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at about $981,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Kulicke and Soffa Industries by 6.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 50,812 shares of the semiconductor company’s stock worth $2,780,000 after purchasing an additional 3,260 shares during the last quarter. Meritage Portfolio Management grew its holdings in shares of Kulicke and Soffa Industries by 4.5% during the fourth quarter. Meritage Portfolio Management now owns 21,275 shares of the semiconductor company’s stock worth $1,164,000 after purchasing an additional 923 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at approximately $40,000. Institutional investors own 98.22% of the company’s stock.

Insider Transactions at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 8,771 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total value of $429,515.87. Following the transaction, the senior vice president now directly owns 24,240 shares of the company’s stock, valued at $1,187,032.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Kulicke and Soffa Industries Stock Up 2.1 %

Kulicke and Soffa Industries stock opened at $47.00 on Monday. The stock’s 50 day moving average is $48.18 and its 200 day moving average is $49.25. Kulicke and Soffa Industries, Inc. has a one year low of $40.20 and a one year high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19). Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The firm had revenue of $172.10 million during the quarter, compared to analyst estimates of $170.20 million. During the same quarter last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post 1.2 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.70%. Kulicke and Soffa Industries’s payout ratio is currently -67.23%.

Analysts Set New Price Targets

KLIC has been the topic of several recent research reports. TheStreet downgraded shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Kulicke and Soffa Industries in a report on Friday. Finally, B. Riley reduced their price objective on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.00.

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.