Kulicke and Soffa Industries (NASDAQ:KLIC) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks reports.

KLIC has been the subject of a number of other research reports. Needham & Company LLC lifted their target price on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.67.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ:KLIC opened at $94.95 on Tuesday. The company’s fifty day moving average is $88.09 and its 200-day moving average is $94.10. Kulicke and Soffa Industries has a 52 week low of $35.02 and a 52 week high of $135.80. The company has a market capitalization of $4.97 billion, a PE ratio of 43.76 and a beta of 1.55.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $330.41 million during the quarter, compared to analysts’ expectations of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The firm’s revenue for the quarter was up 122.6% on a year-over-year basis. During the same quarter last year, the company posted $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, analysts forecast that Kulicke and Soffa Industries will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th were given a $0.2050 dividend. This represents a $0.82 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, September 17th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 37.79%.

Hedge Funds Weigh In On Kulicke and Soffa Industries

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Kulicke and Soffa Industries in the second quarter valued at approximately $1,204,835,000. The Manufacturers Life Insurance Company acquired a new position in Kulicke and Soffa Industries during the 2nd quarter worth $153,050,000. Bank of New York Mellon Corp acquired a new position in Kulicke and Soffa Industries during the 2nd quarter worth $98,778,000. Algert Global LLC boosted its position in Kulicke and Soffa Industries by 83.3% in the 2nd quarter. Algert Global LLC now owns 319,794 shares of the semiconductor company’s stock valued at $42,776,000 after buying an additional 145,302 shares during the last quarter. Finally, Emerald Advisers LLC boosted its position in Kulicke and Soffa Industries by 5.5% in the 1st quarter. Emerald Advisers LLC now owns 568,996 shares of the semiconductor company’s stock valued at $37,394,000 after buying an additional 29,882 shares during 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 (NASDAQ: KLIC) develops and manufactures semiconductor and electronic assembly equipment. Its products are used in the back-end manufacturing stage, where semiconductor devices are assembled, connected, and packaged for use in electronic products.

The company’s offerings include ball bonders, wedge bonders, die attach equipment, advanced packaging systems, and related tools and consumables. These solutions support applications such as power semiconductors, automotive electronics, communications equipment, integrated circuits, light-emitting diodes, and other semiconductor devices.

Founded in 1951, Kulicke and Soffa serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics producers worldwide.