Several other equities research analysts also recently commented on KLIC. B. Riley reaffirmed a buy rating and set a $32.00 price objective on shares of Kulicke and Soffa Industries in a report on Monday, November 11th. ValuEngine downgraded shares of Kulicke and Soffa Industries from a buy rating to a hold rating in a report on Tuesday, December 3rd. Cowen upped their price objective on shares of Kulicke and Soffa Industries from $23.00 to $25.00 and gave the company a market perform rating in a report on Friday, November 15th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a hold rating to a strong-buy rating and set a $31.00 price objective on the stock in a report on Thursday. Finally, DA Davidson raised shares of Kulicke and Soffa Industries from a neutral rating to a buy rating and set a $30.00 price objective on the stock in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Kulicke and Soffa Industries has an average rating of Buy and an average target price of $29.50.
NASDAQ KLIC traded down $0.06 during trading on Friday, hitting $27.63. 220,476 shares of the company’s stock traded hands, compared to its average volume of 251,843. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 61.53 and a beta of 1.40. Kulicke and Soffa Industries has a 12-month low of $18.80 and a 12-month high of $27.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.61 and a current ratio of 5.12. The business has a 50 day moving average of $26.45 and a 200-day moving average of $23.66.
Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, November 14th. The semiconductor company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The business had revenue of $139.80 million for the quarter, compared to the consensus estimate of $140.11 million. Kulicke and Soffa Industries had a net margin of 2.16% and a return on equity of 3.72%. The company’s revenue was down 24.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, analysts expect that Kulicke and Soffa Industries will post 1.28 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, December 26th. Kulicke and Soffa Industries’s payout ratio is 104.35%.
In other news, Director Brian R. Bachman sold 1,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.50, for a total value of $27,500.00. Following the sale, the director now directly owns 23,667 shares of the company’s stock, valued at $650,842.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian R. Bachman sold 2,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the sale, the director now directly owns 23,293 shares in the company, valued at $582,325. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in KLIC. Russell Investments Group Ltd. purchased a new stake in shares of Kulicke and Soffa Industries in the second quarter worth about $51,000. Tower Research Capital LLC TRC lifted its holdings in shares of Kulicke and Soffa Industries by 25,411.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,296 shares of the semiconductor company’s stock worth $52,000 after buying an additional 2,287 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Kulicke and Soffa Industries by 56.2% in the third quarter. First Mercantile Trust Co. now owns 8,385 shares of the semiconductor company’s stock worth $197,000 after buying an additional 3,016 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Kulicke and Soffa Industries in the fourth quarter worth about $213,000. Finally, Raymond James Trust N.A. raised its stake in Kulicke and Soffa Industries by 8.9% in the third quarter. Raymond James Trust N.A. now owns 10,108 shares of the semiconductor company’s stock valued at $237,000 after purchasing an additional 829 shares in the last quarter. 88.98% of the stock is currently owned by hedge funds and other institutional investors.
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.
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