Kulicke and Soffa Industries (NASDAQ:KLIC) Shares Down 6.3%

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) traded down 6.3% on Friday . The stock traded as low as $23.50 and last traded at $23.70, 802,827 shares traded hands during trading. An increase of 57% from the average session volume of 511,976 shares. The stock had previously closed at $25.28.

Several equities analysts recently weighed in on the company. B. Riley boosted their price objective on Kulicke and Soffa Industries from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 1st. TheStreet raised Kulicke and Soffa Industries from a “c” rating to a “b-” rating in a research report on Thursday. Finally, BidaskClub raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Kulicke and Soffa Industries presently has an average rating of “Hold” and a consensus price target of $29.20.

The stock has a market capitalization of $1.48 billion, a P/E ratio of 34.85 and a beta of 1.22. The firm has a 50 day moving average of $22.55 and a 200-day moving average of $23.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.06. Kulicke and Soffa Industries had a return on equity of 6.75% and a net margin of 7.33%. The firm had revenue of $150.45 million for the quarter, compared to analyst estimates of $150.00 million. On average, analysts predict that Kulicke and Soffa Industries Inc. will post 0.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 26th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.48 annualized dividend and a yield of 2.03%. Kulicke and Soffa Industries’s dividend payout ratio is 104.35%.

Several hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its stake in shares of Kulicke and Soffa Industries by 21.7% in the 1st quarter. Mutual of America Capital Management LLC now owns 2,744 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 490 shares during the period. Mason Street Advisors LLC grew its stake in shares of Kulicke and Soffa Industries by 2.6% in the 4th quarter. Mason Street Advisors LLC now owns 22,086 shares of the semiconductor company’s stock valued at $601,000 after purchasing an additional 556 shares during the period. Paloma Partners Management Co grew its stake in shares of Kulicke and Soffa Industries by 5.8% in the 1st quarter. Paloma Partners Management Co now owns 12,115 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 668 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Kulicke and Soffa Industries by 13.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,919 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 795 shares during the period. Finally, Swiss National Bank grew its stake in shares of Kulicke and Soffa Industries by 0.7% in the 1st quarter. Swiss National Bank now owns 122,200 shares of the semiconductor company’s stock valued at $2,550,000 after purchasing an additional 800 shares during the period. Institutional investors own 87.21% of the company’s stock.

Kulicke and Soffa Industries Company Profile (NASDAQ:KLIC)

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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