Kulicke and Soffa Industries (NASDAQ:KLIC) Cut to Hold at Zacks Research

Zacks Research lowered shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks reports.

A number of other research analysts have also recently commented on KLIC. Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. Needham & Company LLC lifted their price objective on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $69.67.

Kulicke and Soffa Industries Price Performance

Shares of KLIC opened at $90.92 on Tuesday. Kulicke and Soffa Industries has a 1-year low of $35.02 and a 1-year high of $135.80. The stock has a market cap of $4.76 billion, a PE ratio of 41.90 and a beta of 1.55. The firm has a 50-day simple moving average of $88.14 and a two-hundred day simple moving average of $94.29.

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

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 17th were issued a $0.2050 dividend. The ex-dividend date was Thursday, September 17th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.9%. Kulicke and Soffa Industries’s payout ratio is 37.79%.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Large investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries in the 1st quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Kulicke and Soffa Industries during the second quarter worth $28,000. Kilter Group LLC purchased a new stake in shares of Kulicke and Soffa Industries during the second quarter worth $42,000. USA Financial Formulas purchased a new stake in shares of Kulicke and Soffa Industries during the first quarter worth $44,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Kulicke and Soffa Industries in the first quarter valued at $58,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc (NASDAQ: KLIC) develops and manufactures semiconductor and electronic assembly equipment. Its products are used in the back-end manufacturing stage, where semiconductor devices are assembled, connected, and packaged for use in electronic products.

The company’s offerings include ball bonders, wedge bonders, die attach equipment, advanced packaging systems, and related tools and consumables. These solutions support applications such as power semiconductors, automotive electronics, communications equipment, integrated circuits, light-emitting diodes, and other semiconductor devices.

Founded in 1951, Kulicke and Soffa serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics producers worldwide.