Olstein Capital Management L.P. Buys 45,405 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Olstein Capital Management L.P. boosted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,405 shares of the semiconductor company’s stock after buying an additional 45,405 shares during the quarter. Kulicke and Soffa Industries makes up approximately 1.9% of Olstein Capital Management L.P.’s portfolio, making the stock its 3rd biggest position. Olstein Capital Management L.P. owned 0.45% of Kulicke and Soffa Industries worth $11,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KLIC. Vanguard Group Inc. lifted its stake in shares of Kulicke and Soffa Industries by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 2,841,236 shares of the semiconductor company’s stock valued at $142,943,000 after purchasing an additional 128,026 shares during the period. Copeland Capital Management LLC lifted its stake in shares of Kulicke and Soffa Industries by 22.0% in the 3rd quarter. Copeland Capital Management LLC now owns 1,469,516 shares of the semiconductor company’s stock valued at $66,319,000 after purchasing an additional 264,638 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Kulicke and Soffa Industries by 37.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,075,790 shares of the semiconductor company’s stock valued at $52,918,000 after purchasing an additional 291,787 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Kulicke and Soffa Industries by 12.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 671,675 shares of the semiconductor company’s stock valued at $33,040,000 after purchasing an additional 73,243 shares during the period. Finally, TimesSquare Capital Management LLC lifted its stake in shares of Kulicke and Soffa Industries by 8.1% in the 1st quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company’s stock valued at $32,619,000 after purchasing an additional 48,590 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Trading Up 0.5 %

Kulicke and Soffa Industries stock traded up $0.27 during midday trading on Thursday, reaching $49.63. The stock had a trading volume of 43,166 shares, compared to its average volume of 486,919. Kulicke and Soffa Industries, Inc. has a 12 month low of $38.20 and a 12 month high of $56.71. The company has a market capitalization of $2.71 billion, a P/E ratio of -47.46 and a beta of 1.38. The company has a fifty day moving average price of $43.42 and a two-hundred day moving average price of $45.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $181.70 million during the quarter, compared to analyst estimates of $179.28 million. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. On average, equities research analysts predict that Kulicke and Soffa Industries, Inc. will post -0.45 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio is currently -76.92%.

Wall Street Analysts Forecast Growth

KLIC has been the topic of a number of recent analyst reports. Craig Hallum dropped their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Finally, TD Cowen decreased their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Kulicke and Soffa Industries currently has an average rating of “Hold” and a consensus price target of $47.33.

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.