Brokerages Set Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Target Price at $53.50

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have earned a consensus rating of “Hold” from the four analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $47.33.

KLIC has been the subject of several recent analyst reports. B. Riley decreased their price objective on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. TD Cowen cut their price target 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 target on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Kulicke and Soffa Industries in a research note on Friday, May 3rd.

Kulicke and Soffa Industries Trading Up 1.7 %

Kulicke and Soffa Industries stock opened at $41.13 on Thursday. The stock has a market cap of $2.28 billion, a P/E ratio of -34.56 and a beta of 1.40. The company has a fifty day simple moving average of $46.88 and a 200-day simple moving average of $47.81. Kulicke and Soffa Industries has a 12-month low of $38.53 and a 12-month high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. As a group, sell-side analysts forecast that Kulicke and Soffa Industries will post -0.31 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.80 dividend on an annualized basis and a yield of 1.95%. Kulicke and Soffa Industries’s dividend payout ratio is presently -67.23%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of Kulicke and Soffa Industries in the first quarter valued at about $29,000. SRS Capital Advisors Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 340.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 443 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Kulicke and Soffa Industries in the fourth quarter valued at about $33,000. GAMMA Investing LLC purchased a new stake in shares of Kulicke and Soffa Industries in the fourth quarter valued at about $40,000. Finally, CWM LLC boosted its holdings in shares of Kulicke and Soffa Industries by 120.7% in the fourth quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 426 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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.