Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) 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.
Check Out Our Latest Research Report on KLIC
Hedge Funds Weigh In On Kulicke and Soffa Industries
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 – Get Free Report) 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.
Further Reading
- Five stocks we like better than Kulicke and Soffa Industries
- How to Invest in Blue Chip Stocks
- Simon Property REIT: A Safe Bet for Growth and Steady Dividends
- Retail Stocks Investing, Explained
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- MarketBeat Week in Review – 9/23 – 9/27
Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.