Analysts Set Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Price Target at $47.33

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have earned an average recommendation of “Hold” from the four ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research 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 updated their coverage on the stock in the last year is $47.33.

Several research analysts have recently issued reports on KLIC shares. TD Cowen decreased their price target on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Craig Hallum reduced their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

Institutional Trading of Kulicke and Soffa Industries

Several institutional investors have recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in Kulicke and Soffa Industries during the first quarter worth about $29,000. SRS Capital Advisors Inc. boosted its position in shares of Kulicke and Soffa Industries by 340.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 443 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $33,000. GAMMA Investing LLC acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $40,000. Finally, CWM LLC raised its holdings in shares of Kulicke and Soffa Industries by 120.7% in the 4th quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 426 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 3.0 %

KLIC stock opened at $38.57 on Monday. The stock has a market cap of $2.14 billion, a PE ratio of -32.41 and a beta of 1.38. The firm’s 50-day simple moving average is $45.20 and its 200 day simple moving average is $46.77. Kulicke and Soffa Industries has a fifty-two week low of $38.20 and a fifty-two week high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $181.70 million for the quarter, compared to analyst estimates of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. Kulicke and Soffa Industries’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. Equities analysts forecast that Kulicke and Soffa Industries will post -0.45 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -67.23%.

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.