Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $49.00.

Several research firms recently issued reports on KLIC. B. Riley reaffirmed a “neutral” rating and issued a $39.00 price objective (up from $35.00) on shares of Kulicke and Soffa Industries in a research report on Friday, November 21st. DA Davidson restated a “buy” rating and issued a $55.00 price target on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Needham & Company LLC increased their price objective on Kulicke and Soffa Industries from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a report on Monday, December 29th. Finally, Wall Street Zen lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th.

Kulicke and Soffa Industries Price Performance

KLIC opened at $59.51 on Friday. The firm has a market cap of $3.12 billion, a PE ratio of -2,974.01 and a beta of 1.63. The stock has a 50-day moving average price of $48.07 and a 200-day moving average price of $41.50. Kulicke and Soffa Industries has a 1 year low of $26.63 and a 1 year high of $60.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Thursday, November 20th. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. The company had revenue of $177.56 million for the quarter, compared to the consensus estimate of $169.84 million. Kulicke and Soffa Industries had a net margin of 0.03% and a negative return on equity of 1.64%. Kulicke and Soffa Industries’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. As a group, sell-side analysts anticipate that Kulicke and Soffa Industries will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Thursday, December 18th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.82 dividend on an annualized basis and a yield of 1.4%. Kulicke and Soffa Industries’s dividend payout ratio is -4,100.00%.

Insider Activity at Kulicke and Soffa Industries

In other news, General Counsel Zi Yao Lim sold 1,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the transaction, the general counsel directly owned 23,714 shares in the company, valued at $1,067,130. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Nelson Munpun Wong sold 30,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $56.53, for a total value of $1,695,900.00. Following the sale, the senior vice president owned 126,369 shares of the company’s stock, valued at approximately $7,143,639.57. This trade represents a 19.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 36,004 shares of company stock worth $1,991,450 in the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Several hedge funds and other institutional investors have recently modified their holdings of KLIC. Advisory Services Network LLC bought a new position in Kulicke and Soffa Industries in the 3rd quarter worth $29,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Kulicke and Soffa Industries in the third quarter worth about $33,000. True Wealth Design LLC raised its stake in shares of Kulicke and Soffa Industries by 7,609.1% in the second quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company’s stock worth $29,000 after buying an additional 837 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Kulicke and Soffa Industries by 789.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 821 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Kulicke and Soffa Industries by 2,665.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 933 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Company Profile

Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.

Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.