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

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $42.00.

A number of brokerages have recently commented on KLIC. B. Riley raised their target price on shares of Kulicke and Soffa Industries from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Needham & Company LLC lifted their price objective on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Weiss Ratings downgraded Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, TD Cowen boosted their price objective on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, August 7th.

Kulicke and Soffa Industries Price Performance

Kulicke and Soffa Industries stock opened at $38.43 on Tuesday. The stock has a market cap of $2.00 billion, a P/E ratio of 480.38 and a beta of 1.64. Kulicke and Soffa Industries has a 1 year low of $26.63 and a 1 year high of $52.08. The firm’s 50 day moving average price is $39.86 and its 200-day moving average price is $36.32.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%.The firm had revenue of $148.41 million during the quarter, compared to the consensus estimate of $145.48 million. During the same period in the prior year, the company earned $0.35 EPS. The company’s quarterly revenue was down 18.3% compared to the same quarter last year. As a group, equities analysts expect that Kulicke and Soffa Industries will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Thursday, September 18th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.1%. Kulicke and Soffa Industries’s dividend payout ratio is 1,025.00%.

Insider Buying and Selling

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total value of $1,112,100.00. Following the completion of the sale, the senior vice president owned 147,533 shares of the company’s stock, valued at approximately $5,469,048.31. The trade was a 16.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. True Wealth Design LLC increased its holdings in Kulicke and Soffa Industries by 7,609.1% in the 2nd quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 837 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Kulicke and Soffa Industries by 789.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock worth $32,000 after buying an additional 821 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Kulicke and Soffa Industries by 2,665.7% in the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 933 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at $34,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Kulicke and Soffa Industries by 280.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,234 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 910 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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.