Kulicke and Soffa Industries (NASDAQ:KLIC) Reaches New 52-Week Low – What’s Next?

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) shares hit a new 52-week low on Thursday . The stock traded as low as $34.31 and last traded at $34.50, with a volume of 618863 shares trading hands. The stock had previously closed at $35.47.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Kulicke and Soffa Industries Stock Down 2.7 %

The firm has a 50 day moving average price of $40.57 and a 200 day moving average price of $44.09. The stock has a market cap of $1.84 billion, a PE ratio of 287.50 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. Equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, March 20th. Kulicke and Soffa Industries’s payout ratio is 683.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KLIC. Advisors Asset Management Inc. increased its position 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 valued at $32,000 after buying an additional 414 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth about $37,000. GAMMA Investing LLC increased its holdings in shares of Kulicke and Soffa Industries by 61.0% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 387 shares in the last quarter. Signaturefd LLC raised its position in shares of Kulicke and Soffa Industries by 35.5% in the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 278 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Kulicke and Soffa Industries in the 3rd quarter worth approximately $53,000. Hedge funds and other 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.