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

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has earned a consensus rating of “Hold” from the four brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $47.33.

Several brokerages have weighed in on KLIC. TD Cowen lowered their target price on 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. StockNews.com downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Craig Hallum decreased 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.

Hedge Funds Weigh In On Kulicke and Soffa Industries

A number of institutional investors have recently made changes to their positions in the stock. Creative Planning increased its stake in Kulicke and Soffa Industries by 3.4% in the second 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. Texas Permanent School Fund Corp increased its stake in Kulicke and Soffa Industries by 1.1% during 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 during the last quarter. Signaturefd LLC increased its stake in 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. Headlands Technologies LLC acquired a new stake in Kulicke and Soffa Industries during the first quarter worth about $29,000. Finally, Donald L. Hagan LLC boosted its position in shares of Kulicke and Soffa Industries by 10.6% in the second quarter. Donald L. Hagan LLC now owns 6,525 shares of the semiconductor company’s stock worth $321,000 after buying an additional 626 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Trading Down 2.6 %

KLIC traded down $1.20 during mid-day trading on Thursday, hitting $44.86. 639,285 shares of the stock were exchanged, compared to its average volume of 488,056. The firm’s fifty day moving average is $43.10 and its two-hundred day moving average is $45.29. 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 $2.45 billion, a PE ratio of -43.13 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.35 EPS 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 in the prior year, the business posted $0.55 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, research analysts anticipate that Kulicke and Soffa Industries will post -0.45 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) 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.