Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Rating Lowered by StockNews.com

Kulicke and Soffa Industries (NASDAQ:KLIC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

KLIC has been the topic of a number of other reports. Craig Hallum cut their target price on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. TD Cowen cut 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 research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kulicke and Soffa Industries has an average rating of “Hold” and an average target price of $47.33.

Kulicke and Soffa Industries Trading Up 0.9 %

Kulicke and Soffa Industries stock opened at $48.61 on Tuesday. Kulicke and Soffa Industries has a 1 year low of $38.20 and a 1 year high of $56.71. The company has a market cap of $2.65 billion, a PE ratio of -46.74 and a beta of 1.38. The company’s 50-day moving average is $43.62 and its two-hundred day moving average is $45.33.

Institutional Trading of Kulicke and Soffa Industries

A number of institutional investors and hedge funds have recently modified their holdings of KLIC. Headlands Technologies LLC bought a new stake in Kulicke and Soffa Industries during the 1st quarter worth approximately $29,000. Advisors Asset Management Inc. increased its stake in Kulicke and Soffa Industries by 137.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 414 shares in the last quarter. Signaturefd LLC grew its stake in shares of Kulicke and Soffa Industries by 226.3% during the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 543 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Kulicke and Soffa Industries by 17,075.0% during the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 1,366 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth approximately $73,000. 98.22% of the stock is owned by institutional investors.

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.