Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives $52.00 Consensus PT from Analysts

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have been given a consensus rating of “Moderate Buy” by the five research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $52.00.

A number of equities research analysts have issued reports on KLIC shares. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 target price on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th.

Kulicke and Soffa Industries Trading Up 1.6 %

NASDAQ:KLIC opened at $33.50 on Friday. The business’s fifty day moving average price is $39.47 and its 200 day moving average price is $43.96. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 279.17 and a beta of 1.38. Kulicke and Soffa Industries has a 1-year low of $31.77 and a 1-year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 forecast that Kulicke and Soffa Industries will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.45%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 683.33%.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kulicke and Soffa Industries by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,735 shares of the semiconductor company’s stock valued at $891,000 after acquiring an additional 250 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Kulicke and Soffa Industries by 9.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company’s stock valued at $139,000 after purchasing an additional 254 shares during the period. Signaturefd LLC lifted its stake 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 buying an additional 278 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Kulicke and Soffa Industries by 0.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 50,007 shares of the semiconductor company’s stock worth $2,333,000 after buying an additional 298 shares during the period. Finally, Personal CFO Solutions LLC grew its stake in Kulicke and Soffa Industries by 6.5% in the 4th quarter. Personal CFO Solutions LLC now owns 5,576 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 341 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Company Profile

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.