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

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has been assigned a consensus rating of “Hold” from the four ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $47.33.

A number of brokerages have weighed in on KLIC. TD Cowen lowered their price target on 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. Craig Hallum dropped their price target on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Kulicke and Soffa Industries in the first quarter valued at about $29,000. SRS Capital Advisors Inc. boosted its holdings in Kulicke and Soffa Industries by 340.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 443 shares during the period. Principal Securities Inc. acquired a new position in shares of Kulicke and Soffa Industries during the 4th quarter worth approximately $33,000. CWM LLC grew its position in shares of Kulicke and Soffa Industries by 120.7% during the 4th quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 426 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth approximately $40,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Stock Down 3.0 %

KLIC stock opened at $38.57 on Monday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -32.41 and a beta of 1.40. Kulicke and Soffa Industries has a twelve month low of $38.20 and a twelve month high of $56.71. The business has a 50 day moving average price of $45.20 and a two-hundred day moving average price of $46.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $181.70 million for the quarter, compared to the consensus estimate of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. On average, equities research analysts anticipate that Kulicke and Soffa Industries will post -0.45 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, September 19th. Kulicke and Soffa Industries’s payout ratio is -67.23%.

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.