Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 599,767 shares of the semiconductor company’s stock after selling 13,890 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Kulicke and Soffa Industries were worth $32,819,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in Kulicke and Soffa Industries by 3.2% during 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 buying an additional 91,934 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Kulicke and Soffa Industries by 9.8% during the third quarter. American Century Companies Inc. now owns 2,821,598 shares of the semiconductor company’s stock valued at $137,214,000 after acquiring an additional 251,773 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Kulicke and Soffa Industries by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,670,432 shares of the semiconductor company’s stock valued at $129,863,000 after purchasing an additional 159,483 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Kulicke and Soffa Industries by 19.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 820,529 shares of the semiconductor company’s stock worth $39,903,000 after purchasing an additional 131,679 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Kulicke and Soffa Industries by 1.4% in the 3rd quarter. Northern Trust Corp now owns 676,437 shares of the semiconductor company’s stock worth $32,895,000 after purchasing an additional 9,243 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, SVP Robert Nestor Chylak sold 8,771 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total transaction of $429,515.87. Following the sale, the senior vice president now owns 24,240 shares of the company’s stock, valued at approximately $1,187,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Peter T. M. Kong purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $47.51 per share, with a total value of $47,510.00. Following the purchase, the director now owns 92,072 shares of the company’s stock, valued at $4,374,340.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert Nestor Chylak sold 8,771 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total transaction of $429,515.87. Following the transaction, the senior vice president now owns 24,240 shares of the company’s stock, valued at $1,187,032.80. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

Kulicke and Soffa Industries Trading Up 0.4 %

NASDAQ KLIC traded up $0.19 on Wednesday, hitting $48.21. 399,487 shares of the company’s stock traded hands, compared to its average volume of 477,696. The firm has a market capitalization of $2.67 billion, a PE ratio of -40.51 and a beta of 1.48. Kulicke and Soffa Industries, Inc. has a 1-year low of $40.20 and a 1-year high of $60.20. The firm’s 50-day moving average price is $48.14 and its two-hundred day moving average price is $49.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its 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). The business had revenue of $172.10 million for the quarter, compared to analyst estimates of $170.20 million. Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 1.2 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.23%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Kulicke and Soffa Industries in a research note on Friday, May 3rd. B. Riley cut their target price on Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Finally, TheStreet cut Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of “Hold” and a consensus target price 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.