Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Gets Price Target Trim from B. Riley Financial

Kulicke and Soffa Industries (NASDAQ:KLIC – Free Report) had its price objective decreased by B. Riley Financial from $86.00 to $70.00 in a report published on Monday morning,Benzinga reports. B. Riley Financial currently has a neutral rating on the semiconductor company’s stock.

A number of other brokerages have also commented on KLIC. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Wednesday, November 4th. Finally, Needham & Company LLC lifted their price objective on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.00.

Check Out Our Latest Report on KLIC

Kulicke and Soffa Industries Price Performance

Shares of KLIC opened at $73.20 on Monday. The company’s fifty day moving average price is $82.43 and its 200-day moving average price is $86.59. The firm has a market capitalization of $3.83 billion, a PE ratio of 30.30 and a beta of 1.65. Kulicke and Soffa Industries has a 1-year low of $35.02 and a 1-year high of $135.80.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 17th were paid a $0.2050 dividend. The ex-dividend date was Thursday, September 17th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.1%. Kulicke and Soffa Industries’s dividend payout ratio is presently 37.79%.

Institutional Trading of Kulicke and Soffa Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Kulicke and Soffa Industries in the 2nd quarter worth $28,000. Covestor Ltd lifted its holdings in Kulicke and Soffa Industries by 690.9% in the third quarter. Covestor Ltd now owns 435 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 380 shares during the last quarter. Kilter Group LLC acquired a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at $42,000. USA Financial Formulas purchased a new position in Kulicke and Soffa Industries during the first quarter worth about $44,000. Finally, NewEdge Advisors LLC boosted its position in shares of Kulicke and Soffa Industries by 2,774.2% during the 1st quarter. NewEdge Advisors LLC now owns 891 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 860 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Company Profile

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Kulicke and Soffa Industries develops and supplies equipment and services used to assemble and package semiconductor devices. Its offerings include ball and wedge wire bonders, die-attach and advanced-packaging equipment, as well as related tools, spare parts and support services. Founded in 1951, the company has a long history in semiconductor assembly technology. Its products serve manufacturers in markets including semiconductors, automotive electronics, communications, consumer electronics and industrial applications.

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Analyst Recommendations for Kulicke and Soffa Industries (NASDAQ:KLIC)

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