Proficio Capital Partners LLC Invests $819,000 in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Proficio Capital Partners LLC bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 17,544 shares of the semiconductor company’s stock, valued at approximately $819,000.

A number of other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kulicke and Soffa Industries by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,735 shares of the semiconductor company’s stock worth $891,000 after acquiring an additional 250 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Kulicke and Soffa Industries by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company’s stock worth $1,695,000 after acquiring an additional 371 shares during the period. GAMMA Investing LLC increased its holdings in Kulicke and Soffa Industries by 61.0% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 387 shares during the period. D.A. Davidson & CO. increased its holdings in Kulicke and Soffa Industries by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 10,951 shares of the semiconductor company’s stock valued at $511,000 after buying an additional 400 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Kulicke and Soffa Industries by 137.5% during the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 414 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Down 0.4 %

Shares of KLIC stock opened at $35.76 on Friday. The company’s 50 day moving average is $41.15 and its 200 day moving average is $44.16. Kulicke and Soffa Industries, Inc. has a 52-week low of $34.84 and a 52-week high of $53.71. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 298.00 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released 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 negative return on equity of 1.26% and a net margin of 0.48%. Analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is currently 683.33%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KLIC. Needham & Company LLC reissued a “buy” rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. StockNews.com raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

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.