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

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has earned a consensus recommendation of “Hold” from the four analysts that are covering the company, Marketbeat Ratings reports. Three research 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 brokers that have issued a report on the stock in the last year is $47.33.

Several brokerages have weighed in on KLIC. TD Cowen decreased 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 cut their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Several large investors have recently bought and sold shares of the business. 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 buying an additional 426 shares during the period. GAMMA Investing LLC bought a new stake in shares of Kulicke and Soffa Industries in the fourth quarter valued at about $40,000. SRS Capital Advisors Inc. grew its holdings in shares of Kulicke and Soffa Industries by 340.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after buying an additional 443 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kulicke and Soffa Industries by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 657,783 shares of the semiconductor company’s stock worth $35,994,000 after buying an additional 21,687 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Kulicke and Soffa Industries in the fourth quarter valued at approximately $33,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Trading Down 3.0 %

KLIC stock opened at $38.57 on Monday. The firm has a market cap of $2.14 billion, a P/E ratio of -32.41 and a beta of 1.40. Kulicke and Soffa Industries has a 1-year low of $38.20 and a 1-year high of $56.71. The business’s 50 day moving average is $45.20 and its 200-day moving average is $46.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $179.28 million. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. Sell-side analysts forecast that Kulicke and Soffa Industries will post -0.45 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

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 dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.07%. Kulicke and Soffa Industries’s payout ratio is currently -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.