B. Riley Financial Issues Pessimistic Forecast for Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Price

Kulicke and Soffa Industries (NASDAQ:KLIC) had its price objective lowered by equities research analysts at B. Riley Financial from $105.00 to $86.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial’s target price suggests a potential upside of 6.95% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, Needham & Company LLC upped their target price on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries has an average rating of “Hold” and a consensus price target of $85.33.

Kulicke and Soffa Industries Trading Down 1.1%

KLIC traded down $0.91 during trading on Tuesday, reaching $80.42. 147,457 shares of the company’s stock were exchanged, compared to its average volume of 843,201. Kulicke and Soffa Industries has a one year low of $35.02 and a one year high of $135.80. The stock has a market capitalization of $4.21 billion, a PE ratio of 37.07 and a beta of 1.55. The firm has a fifty day moving average price of $87.36 and a two-hundred day moving average price of $95.26.

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

Institutional Trading of Kulicke and Soffa Industries

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at approximately $32,721,000. Louisiana State Employees Retirement System acquired a new stake in Kulicke and Soffa Industries in the 1st quarter worth approximately $1,525,000. HighTower Advisors LLC grew its position in Kulicke and Soffa Industries by 362.7% during the 2nd quarter. HighTower Advisors LLC now owns 37,484 shares of the semiconductor company’s stock worth $5,014,000 after purchasing an additional 29,383 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Kulicke and Soffa Industries during the 2nd quarter worth approximately $26,086,000. Finally, Hsbc Holdings PLC purchased a new stake in Kulicke and Soffa Industries during the 2nd quarter worth approximately $3,174,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Ltd. (NASDAQ: KLIC) designs, manufactures and supports equipment used in the assembly and packaging of semiconductor and electronic components. Its technologies help manufacturers connect semiconductor dies to packages, attach and assemble components, and produce finished devices for use in electronics, communications, automotive, industrial and other applications.

The company’s product portfolio includes wire bonding equipment, die attach systems, wedge bonding solutions and related tools, materials and services.