BidaskClub upgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a sell rating to a hold rating in a research report report published on Friday, BidAskClub reports.

Several other analysts also recently commented on KLIC. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a sell rating to a hold rating in a report on Tuesday, May 21st. ValuEngine upgraded shares of Kulicke and Soffa Industries from a hold rating to a buy rating in a report on Tuesday, June 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Kulicke and Soffa Industries presently has an average rating of Buy and a consensus target price of $28.40.

Shares of KLIC stock opened at $22.43 on Friday. The stock has a market capitalization of $1.46 billion, a PE ratio of 9.23, a PEG ratio of 3.17 and a beta of 1.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.19 and a quick ratio of 6.35. Kulicke and Soffa Industries has a one year low of $17.40 and a one year high of $28.69.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). The firm had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $118.42 million. Kulicke and Soffa Industries had a net margin of 12.91% and a return on equity of 12.85%. The business’s revenue for the quarter was down 47.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities research analysts anticipate that Kulicke and Soffa Industries will post 0.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.48 annualized dividend and a yield of 2.14%. Kulicke and Soffa Industries’s payout ratio is currently 19.75%.

In related news, Director Peter T. M. Kong purchased 10,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $19.37 per share, for a total transaction of $193,700.00. Following the completion of the transaction, the director now owns 64,690 shares in the company, valued at $1,253,045.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund grew its position in Kulicke and Soffa Industries by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 26,015 shares of the semiconductor company’s stock valued at $575,000 after buying an additional 470 shares during the period. EP Wealth Advisors LLC boosted its position in Kulicke and Soffa Industries by 5.0% during the fourth quarter. EP Wealth Advisors LLC now owns 10,500 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 500 shares during the period. Proficio Capital Partners LLC boosted its position in Kulicke and Soffa Industries by 56.4% during the fourth quarter. Proficio Capital Partners LLC now owns 1,472 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 531 shares during the period. Advisory Services Network LLC boosted its position in Kulicke and Soffa Industries by 103.1% during the fourth quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 631 shares during the period. Finally, Bank of Montreal Can boosted its position in Kulicke and Soffa Industries by 14.0% during the fourth quarter. Bank of Montreal Can now owns 7,218 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 886 shares during the period. Institutional investors own 89.73% of the company’s stock.

Kulicke and Soffa Industries Company Profile

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.

Recommended Story: Why is the ex-dividend date different from the record date?

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.