Kulicke and Soffa Industries (NASDAQ:KLIC) Sets New 12-Month Low – Here’s What Happened

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) reached a new 52-week low during trading on Friday . The company traded as low as $34.84 and last traded at $35.36, with a volume of 107256 shares. The stock had previously closed at $35.89.

Wall Street Analyst Weigh In

KLIC has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Kulicke and Soffa Industries Stock Performance

The stock has a market capitalization of $1.91 billion, a P/E ratio of 298.00 and a beta of 1.38. The stock has a 50-day moving average price of $41.15 and a two-hundred day moving average price of $44.16.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. Equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, March 20th. Kulicke and Soffa Industries’s dividend payout ratio is currently 683.33%.

Institutional Investors Weigh In On Kulicke and Soffa Industries

A number of hedge funds have recently added to or reduced their stakes in KLIC. Advisors Asset Management Inc. lifted its position in shares of Kulicke and Soffa Industries by 137.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 414 shares in the last quarter. Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries during the fourth quarter valued at approximately $37,000. GAMMA Investing LLC lifted its holdings in Kulicke and Soffa Industries by 61.0% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 387 shares in the last quarter. Signaturefd LLC boosted its position in shares of Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 278 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Kulicke and Soffa Industries in the third quarter worth $53,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.