Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives $42.00 Average PT from Brokerages

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $42.00.

Several equities research analysts recently weighed in on the company. TD Cowen raised their price objective on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Needham & Company LLC raised their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a report on Wednesday, October 8th. Finally, B. Riley raised their price objective on Kulicke and Soffa Industries from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Friday.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC stock opened at $38.18 on Friday. The stock’s fifty day moving average price is $38.42 and its two-hundred day moving average price is $35.02. The company has a market cap of $1.99 billion, a PE ratio of 477.25 and a beta of 1.57. Kulicke and Soffa Industries has a fifty-two week low of $26.63 and a fifty-two week high of $52.08.

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

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.1%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 1,025.00%.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $37.07, for a total transaction of $1,112,100.00. Following the sale, the senior vice president owned 147,533 shares of the company’s stock, valued at $5,469,048.31. This trade represents a 16.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Kulicke and Soffa Industries by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 3,476,131 shares of the semiconductor company’s stock worth $114,643,000 after buying an additional 197,619 shares during the period. Victory Capital Management Inc. lifted its holdings in Kulicke and Soffa Industries by 6.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,699,897 shares of the semiconductor company’s stock worth $89,043,000 after buying an additional 156,144 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Kulicke and Soffa Industries by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock worth $81,241,000 after buying an additional 409,116 shares during the period. American Century Companies Inc. lifted its holdings in Kulicke and Soffa Industries by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 2,313,378 shares of the semiconductor company’s stock worth $80,043,000 after buying an additional 392,691 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Kulicke and Soffa Industries by 10.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,938,904 shares of the semiconductor company’s stock worth $63,945,000 after buying an additional 176,792 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

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.