Texas Permanent School Fund Corp Has $2.17 Million Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Texas Permanent School Fund Corp decreased its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 10.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,154 shares of the semiconductor company’s stock after selling 5,155 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of Kulicke and Soffa Industries worth $2,172,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KLIC. Charles Schwab Investment Management Inc. lifted its stake in shares of Kulicke and Soffa Industries by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 657,783 shares of the semiconductor company’s stock valued at $35,994,000 after acquiring an additional 21,687 shares during the period. Principal Securities Inc. bought a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $33,000. Teacher Retirement System of Texas grew its position in shares of Kulicke and Soffa Industries by 64.3% during the 4th quarter. Teacher Retirement System of Texas now owns 14,272 shares of the semiconductor company’s stock worth $781,000 after buying an additional 5,585 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth approximately $202,000. Finally, Quadrant Capital Group LLC lifted its holdings in Kulicke and Soffa Industries by 29.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 272 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KLIC shares. TD Cowen lowered their target price on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Craig Hallum dropped their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $47.33.

Kulicke and Soffa Industries Stock Up 1.5 %

Shares of NASDAQ KLIC opened at $40.99 on Wednesday. Kulicke and Soffa Industries, Inc. has a twelve month low of $38.20 and a twelve month high of $56.71. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -34.45 and a beta of 1.38. The company’s fifty day moving average is $43.91 and its 200-day moving average is $46.33.

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

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.80 annualized dividend and a yield of 1.95%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -67.23%.

Kulicke and Soffa Industries Company 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.