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

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have been given an average recommendation of “Hold” by the five research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $42.00.

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

Insider Buying and Selling

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 completion of the sale, the senior vice president directly 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 document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Several hedge funds have recently added to or reduced their stakes in KLIC. Principal Financial Group Inc. lifted its stake in Kulicke and Soffa Industries by 1.4% in the first quarter. Principal Financial Group Inc. now owns 266,466 shares of the semiconductor company’s stock valued at $8,788,000 after buying an additional 3,667 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Kulicke and Soffa Industries by 0.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 166,647 shares of the semiconductor company’s stock worth $5,496,000 after buying an additional 996 shares during the period. MQS Management LLC bought a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at about $392,000. Edgestream Partners L.P. acquired a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at approximately $7,064,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Kulicke and Soffa Industries by 3,534.6% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 461,555 shares of the semiconductor company’s stock valued at $15,222,000 after acquiring an additional 448,856 shares during the period. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 2.7%

Shares of KLIC opened at $38.42 on Tuesday. The company has a 50-day moving average price of $39.84 and a two-hundred day moving average price of $36.21. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 480.25 and a beta of 1.64. Kulicke and Soffa Industries has a 12 month low of $26.63 and a 12 month high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $148.41 million for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $0.35 EPS. Equities research analysts expect that Kulicke and Soffa Industries will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

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

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.