Shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) have been given an average recommendation of “Buy” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $26.50.

A number of research analysts have weighed in on KLIC shares. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Thursday. DA Davidson cut shares of Kulicke and Soffa Industries from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $26.00 in a research report on Monday, July 8th. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

KLIC stock traded down $0.18 during midday trading on Friday, reaching $22.83. 197,765 shares of the company’s stock traded hands, compared to its average volume of 432,149. The company has a market capitalization of $1.41 billion, a P/E ratio of 9.40 and a beta of 1.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.85 and a quick ratio of 4.33. Kulicke and Soffa Industries has a fifty-two week low of $17.40 and a fifty-two week high of $25.61. The business has a 50-day moving average price of $21.33 and a two-hundred day moving average price of $21.99.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $127.11 million for the quarter, compared to analysts’ expectations of $128.70 million. Kulicke and Soffa Industries had a net margin of 5.96% and a return on equity of 6.21%. Kulicke and Soffa Industries’s revenue was down 52.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. As a group, research analysts forecast that Kulicke and Soffa Industries will post 0.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Friday, September 27th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, September 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.10%. Kulicke and Soffa Industries’s payout ratio is currently 19.75%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in shares of Kulicke and Soffa Industries by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 26,015 shares of the semiconductor company’s stock worth $575,000 after buying an additional 470 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Kulicke and Soffa Industries by 2.7% in the second quarter. Synovus Financial Corp now owns 24,879 shares of the semiconductor company’s stock worth $562,000 after buying an additional 665 shares during the last quarter. Quantamental Technologies LLC increased its stake in shares of Kulicke and Soffa Industries by 31.2% in the second quarter. Quantamental Technologies LLC now owns 3,378 shares of the semiconductor company’s stock worth $76,000 after buying an additional 804 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Kulicke and Soffa Industries by 2.2% in the first quarter. Texas Permanent School Fund now owns 44,909 shares of the semiconductor company’s stock worth $993,000 after buying an additional 952 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Kulicke and Soffa Industries by 5.7% in the first quarter. SG Americas Securities LLC now owns 22,822 shares of the semiconductor company’s stock worth $505,000 after buying an additional 1,233 shares during the last quarter. 92.10% of the stock is currently owned by institutional investors and hedge funds.

About Kulicke and Soffa Industries

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.

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