Kulicke and Soffa Industries Inc. (KLIC) Receives Consensus Rating of “Hold” from Brokerages

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $28.00.

KLIC has been the topic of several recent research reports. ValuEngine downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. BidaskClub downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Finally, Cowen restated a “hold” rating and issued a $22.00 price target on shares of Kulicke and Soffa Industries in a research note on Monday, February 4th.

Several institutional investors have recently bought and sold shares of the stock. Hodges Capital Management Inc. purchased a new stake in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $221,000. Valeo Financial Advisors LLC purchased a new stake in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $46,000. Dalton Greiner Hartman Maher & Co. boosted its stake in Kulicke and Soffa Industries by 9.1% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 200,347 shares of the semiconductor company’s stock valued at $4,430,000 after purchasing an additional 16,641 shares during the last quarter. Deutsche Bank AG boosted its stake in Kulicke and Soffa Industries by 51.3% during the 4th quarter. Deutsche Bank AG now owns 247,605 shares of the semiconductor company’s stock valued at $5,017,000 after purchasing an additional 83,999 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Kulicke and Soffa Industries by 111.2% during the 4th quarter. American Century Companies Inc. now owns 578,431 shares of the semiconductor company’s stock valued at $11,725,000 after purchasing an additional 304,584 shares during the last quarter. Institutional investors own 89.18% of the company’s stock.

Shares of KLIC stock traded down $0.11 during midday trading on Wednesday, reaching $24.57. 329,757 shares of the stock were exchanged, compared to its average volume of 444,465. Kulicke and Soffa Industries has a 1 year low of $17.40 and a 1 year high of $28.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.81 and a current ratio of 6.58. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 2.35 and a beta of 1.15.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Thursday, January 31st. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Kulicke and Soffa Industries had a return on equity of 16.99% and a net margin of 16.06%. The firm had revenue of $157.21 million for the quarter, compared to the consensus estimate of $155.00 million. During the same quarter in the prior year, the business earned $0.54 EPS. Sell-side analysts forecast that Kulicke and Soffa Industries will post 0.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.12 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.95%. Kulicke and Soffa Industries’s payout ratio is currently 19.75%.

Kulicke and Soffa Industries announced that its board has authorized a stock repurchase program on Thursday, January 31st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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.

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