Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives $47.33 Average Price Target from Brokerages

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has received an average recommendation of “Hold” from the four research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $47.33.

Several research analysts have recently issued reports on KLIC shares. Craig Hallum dropped their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen lowered their price target on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Kulicke and Soffa Industries in the second quarter valued at about $1,328,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Kulicke and Soffa Industries by 56.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,741 shares of the semiconductor company’s stock valued at $135,000 after acquiring an additional 990 shares during the last quarter. Creative Planning boosted its holdings in shares of Kulicke and Soffa Industries by 3.4% in the 2nd quarter. Creative Planning now owns 11,384 shares of the semiconductor company’s stock worth $560,000 after acquiring an additional 372 shares in the last quarter. Algert Global LLC bought a new stake in Kulicke and Soffa Industries during the 2nd quarter worth approximately $279,000. Finally, Mackenzie Financial Corp acquired a new stake in Kulicke and Soffa Industries during the 2nd quarter valued at $457,000. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock opened at $44.77 on Friday. The business’s 50-day simple moving average is $42.59 and its 200-day simple moving average is $45.94. Kulicke and Soffa Industries has a 52 week low of $38.20 and a 52 week high of $56.71. The firm has a market capitalization of $2.48 billion, a PE ratio of -37.62 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results 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 company 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 quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. Research analysts forecast that Kulicke and Soffa Industries will post -0.45 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 19th will be paid a $0.20 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.79%. Kulicke and Soffa Industries’s payout ratio is currently -67.23%.

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.