Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Price Target Cut by B. Riley Financial

Kulicke and Soffa Industries (NASDAQ:KLIC) had its target price dropped by B. Riley Financial from $105.00 to $86.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial’s price target would indicate a potential upside of 6.95% from the stock’s current price.

KLIC has been the subject of several other reports. Zacks Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Needham & Company LLC increased their price target on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.33.

Kulicke and Soffa Industries Stock Performance

KLIC stock traded down $0.91 during midday trading on Tuesday, reaching $80.42. The stock had a trading volume of 147,457 shares, compared to its average volume of 843,201. The stock has a market cap of $4.21 billion, a PE ratio of 37.07 and a beta of 1.55. The firm has a fifty day simple moving average of $87.36 and a two-hundred day simple moving average of $95.26. Kulicke and Soffa Industries has a 52-week low of $35.02 and a 52-week high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The company had revenue of $330.41 million during the quarter, compared to analysts’ expectations of $308.50 million. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%. The firm’s revenue was up 122.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, sell-side analysts predict that Kulicke and Soffa Industries will post 3.38 EPS for the current fiscal year.

Institutional Trading of Kulicke and Soffa Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KLIC. BlackRock Inc. purchased a new position in Kulicke and Soffa Industries in the second quarter valued at $1,204,835,000. The Manufacturers Life Insurance Company purchased a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $153,050,000. Bank of New York Mellon Corp acquired a new position in Kulicke and Soffa Industries in the 2nd quarter worth about $98,778,000. Bank of America Corp DE acquired a new position in Kulicke and Soffa Industries in the 2nd quarter worth about $32,721,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Kulicke and Soffa Industries during the second quarter worth approximately $26,300,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Ltd. (NASDAQ: KLIC) designs, manufactures and supports equipment used in the assembly and packaging of semiconductor and electronic components. Its technologies help manufacturers connect semiconductor dies to packages, attach and assemble components, and produce finished devices for use in electronics, communications, automotive, industrial and other applications.

The company’s product portfolio includes wire bonding equipment, die attach systems, wedge bonding solutions and related tools, materials and services.