Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have received an average rating of “Hold” from the four research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $47.33.

KLIC has been the topic of a number of research reports. Craig Hallum decreased their price objective on 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. StockNews.com lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, TD Cowen reduced their target price on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, August 8th.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Several institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Kulicke and Soffa Industries in the 1st quarter worth approximately $29,000. Signaturefd LLC lifted its stake in Kulicke and Soffa Industries by 226.3% in the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 543 shares during the period. Blue Trust Inc. boosted its holdings in Kulicke and Soffa Industries by 17,075.0% in the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 1,366 shares in the last quarter. Innealta Capital LLC purchased a new position in Kulicke and Soffa Industries during the 2nd quarter valued at $73,000. Finally, CWM LLC raised its holdings in Kulicke and Soffa Industries by 101.8% in the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 970 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Up 4.8 %

NASDAQ:KLIC opened at $49.36 on Thursday. The business’s 50-day moving average price is $43.42 and its two-hundred day moving average price is $45.30. The stock has a market cap of $2.69 billion, a P/E ratio of -47.46 and a beta of 1.38. Kulicke and Soffa Industries has a twelve month low of $38.20 and a twelve month high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $181.70 million for the quarter, compared to the consensus estimate of $179.28 million. During the same quarter last year, the business 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, equities research analysts expect that Kulicke and Soffa Industries will post -0.45 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 19th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries’s payout ratio is -76.92%.

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.