Kulicke and Soffa Industries (NASDAQ:KLIC) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a hold rating to a sell rating in a research report released on Tuesday.

KLIC has been the topic of a number of other reports. TD Cowen dropped their price objective on shares of 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. Craig Hallum dropped their target price on 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 research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $47.33.

Kulicke and Soffa Industries Trading Down 1.2 %

Shares of Kulicke and Soffa Industries stock opened at $48.04 on Tuesday. The firm’s 50-day moving average is $43.72 and its two-hundred day moving average is $45.35. Kulicke and Soffa Industries has a 1 year low of $38.20 and a 1 year high of $56.71.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries’s payout ratio is currently -76.92%.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Institutional investors have recently bought and sold shares of the company. Creative Planning lifted its holdings in shares of Kulicke and Soffa Industries by 3.4% during the 2nd quarter. Creative Planning now owns 11,384 shares of the semiconductor company’s stock valued at $560,000 after purchasing an additional 372 shares during the last quarter. 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. Meritage Portfolio Management raised its stake in Kulicke and Soffa Industries by 9.4% in the third quarter. Meritage Portfolio Management now owns 6,054 shares of the semiconductor company’s stock valued at $273,000 after buying an additional 519 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in Kulicke and Soffa Industries by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 49,309 shares of the semiconductor company’s stock worth $2,481,000 after acquiring an additional 525 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Kulicke and Soffa Industries by 226.3% during 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 last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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.