DA Davidson Cuts Kulicke and Soffa Industries (NASDAQ:KLIC) Price Target to $60.00

Kulicke and Soffa Industries (NASDAQ:KLIC) had its price objective reduced by DA Davidson from $65.00 to $60.00 in a research note released on Friday,Benzinga reports. DA Davidson currently has a buy rating on the semiconductor company’s stock. DA Davidson also issued estimates for Kulicke and Soffa Industries’ FY2025 earnings at $1.32 EPS.

A number of other research firms also recently issued reports on KLIC. StockNews.com downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Needham & Company LLC upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday. TD Cowen increased their target price on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Craig Hallum lowered their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Kulicke and Soffa Industries has a consensus rating of “Hold” and an average target price of $52.40.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $46.19 on Friday. The stock has a fifty day moving average price of $44.27 and a 200-day moving average price of $45.35. The firm has a market cap of $2.52 billion, a PE ratio of -37.55 and a beta of 1.38. Kulicke and Soffa Industries has a 1 year low of $38.20 and a 1 year high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, November 13th. The semiconductor company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 0.92% and a negative net margin of 9.77%. The company had revenue of $181.30 million during the quarter, compared to the consensus estimate of $180.03 million. During the same period in the prior year, the firm posted $0.51 EPS. The business’s revenue was down 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Kulicke and Soffa Industries will post 1.32 EPS for the current fiscal year.

Kulicke and Soffa Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.82 annualized dividend and a yield of 1.78%. This is a boost from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. Kulicke and Soffa Industries’s payout ratio is currently -65.04%.

Kulicke and Soffa Industries declared that its Board of Directors has approved a stock buyback plan on Wednesday, November 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KLIC. Headlands Technologies LLC purchased a new position in Kulicke and Soffa Industries during the first quarter worth about $29,000. Advisors Asset Management Inc. grew its holdings in shares of 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 worth $32,000 after purchasing an additional 414 shares in the last quarter. Signaturefd LLC increased its position in shares of 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 purchasing an additional 543 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Kulicke and Soffa Industries in the third quarter valued at approximately $53,000. Finally, Blue Trust Inc. lifted its position in Kulicke and Soffa Industries by 17,075.0% during the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 1,366 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

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.