Several other brokerages have also recently issued reports on KLIC. DA Davidson cut shares of Advanced Energy Industries from a buy rating to a neutral rating and decreased their price target for the company from $60.00 to $55.00 in a research report on Monday, July 8th. ValuEngine upgraded shares of China Southern Airlines from a sell rating to a hold rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Kulicke and Soffa Industries presently has a consensus rating of Hold and a consensus price target of $27.20.
Shares of NASDAQ KLIC opened at $21.95 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.35 and a current ratio of 7.19. Kulicke and Soffa Industries has a 52-week low of $17.40 and a 52-week high of $28.06. The company has a 50 day simple moving average of $21.70. The firm has a market cap of $1.43 billion, a PE ratio of 9.03, a P/E/G ratio of 3.10 and a beta of 1.35.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). Kulicke and Soffa Industries had a net margin of 12.91% and a return on equity of 12.85%. The business had revenue of $115.90 million during the quarter, compared to analyst estimates of $118.42 million. During the same quarter last year, the company posted $0.51 earnings per share. The company’s revenue was down 47.7% compared to the same quarter last year. On average, analysts expect that Kulicke and Soffa Industries will post 0.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, June 27th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 19.75%.
In other news, Director Peter T. M. Kong acquired 10,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $19.37 per share, for a total transaction of $193,700.00. Following the completion of the transaction, the director now directly owns 64,690 shares in the company, valued at approximately $1,253,045.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its stake in Kulicke and Soffa Industries by 103.1% during the fourth quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 631 shares in the last quarter. Versant Capital Management Inc boosted its stake in Kulicke and Soffa Industries by 758.3% during the first quarter. Versant Capital Management Inc now owns 1,399 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 1,236 shares in the last quarter. Icon Wealth Partners LLC bought a new position in Kulicke and Soffa Industries during the first quarter worth $36,000. Advisor Group Inc. boosted its stake in Kulicke and Soffa Industries by 340.9% during the fourth quarter. Advisor Group Inc. now owns 2,231 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 1,725 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in Kulicke and Soffa Industries during the first quarter worth $46,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.
Kulicke and Soffa Industries Company Profile
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
Read More: What is a Futures Contract?
Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.