Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives $47.33 Average Price Target from Brokerages

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has been given a consensus recommendation of “Hold” by the four analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $47.33.

A number of brokerages have recently issued reports on KLIC. StockNews.com downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Craig Hallum cut their price target 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. Finally, TD Cowen cut their price target on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 8th.

Kulicke and Soffa Industries Stock Performance

KLIC stock opened at $45.92 on Thursday. Kulicke and Soffa Industries has a one year low of $38.20 and a one year high of $56.71. The stock has a market capitalization of $2.50 billion, a PE ratio of -44.15 and a beta of 1.38. The company has a fifty day moving average of $43.20 and a 200-day moving average of $45.26.

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

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.80 annualized dividend and a yield of 1.74%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -76.92%.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Several hedge funds have recently added to or reduced their stakes in KLIC. Headlands Technologies LLC purchased a new stake in shares of Kulicke and Soffa Industries during the first quarter worth about $29,000. Signaturefd LLC grew its holdings in shares of Kulicke and Soffa Industries by 226.3% during the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock worth $35,000 after buying an additional 543 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Kulicke and Soffa Industries by 17,075.0% during the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after buying an additional 1,366 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Kulicke and Soffa Industries during the second quarter worth about $73,000. Finally, CWM LLC grew its holdings in shares of Kulicke and Soffa Industries by 101.8% during the third quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock worth $87,000 after buying an additional 970 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

About Kulicke and Soffa Industries

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.