Kulicke and Soffa Industries (NASDAQ:KLIC) Rating Lowered to “Hold” at Zacks Research

Kulicke and Soffa Industries (NASDAQ:KLIC) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

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

Kulicke and Soffa Industries Stock Performance

NASDAQ KLIC opened at $94.95 on Tuesday. Kulicke and Soffa Industries has a one year low of $35.02 and a one year high of $135.80. The stock has a 50-day moving average of $88.09 and a 200 day moving average of $94.10. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 43.76 and a beta of 1.55.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $330.41 million for 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 business’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, equities analysts predict that Kulicke and Soffa Industries will post 3.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kulicke and Soffa Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in Kulicke and Soffa Industries by 12.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 877 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 98 shares during the last quarter. Allworth Financial LP grew its position in Kulicke and Soffa Industries by 23.6% during the 2nd quarter. Allworth Financial LP now owns 965 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 184 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Kulicke and Soffa Industries during the 2nd quarter worth $28,000. Kilter Group LLC acquired a new position in Kulicke and Soffa Industries in the second quarter valued at $42,000. Finally, Summit Securities Group LLC acquired a new position in Kulicke and Soffa Industries in the first quarter valued at $26,000. Institutional investors own 98.22% of the company’s stock.

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.