Brokerages Set Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) PT at $52.00

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $52.00.

KLIC has been the topic of a number of recent research reports. DA Davidson lowered their price objective on Kulicke and Soffa Industries from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. TD Cowen upped their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, November 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Finally, StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th.

Insider Transactions at Kulicke and Soffa Industries

In related news, SVP Robert Nestor Chylak sold 11,391 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $49.52, for a total value of $564,082.32. Following the completion of the sale, the senior vice president now directly owns 20,838 shares of the company's stock, valued at $1,031,897.76. This represents a 35.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.40% of the company's stock.

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Institutional Trading of Kulicke and Soffa Industries

A number of large investors have recently made changes to their positions in KLIC. Wealth Enhancement Advisory Services LLC boosted its position in shares of Kulicke and Soffa Industries by 14.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,249 shares of the semiconductor company's stock valued at $327,000 after purchasing an additional 907 shares during the period. Harbor Capital Advisors Inc. lifted its position in Kulicke and Soffa Industries by 156.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 35,958 shares of the semiconductor company's stock worth $1,623,000 after acquiring an additional 21,946 shares during the period. Olympiad Research LP acquired a new stake in Kulicke and Soffa Industries during the 3rd quarter worth approximately $370,000. Olstein Capital Management L.P. lifted its position in Kulicke and Soffa Industries by 22.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 246,405 shares of the semiconductor company's stock worth $11,120,000 after acquiring an additional 45,405 shares during the period. Finally, Assetmark Inc. lifted its position in Kulicke and Soffa Industries by 14.1% during the 3rd quarter. Assetmark Inc. now owns 24,081 shares of the semiconductor company's stock worth $1,087,000 after acquiring an additional 2,968 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Trading Up 1.8 %

NASDAQ KLIC traded up $0.69 on Wednesday, reaching $38.05. 429,601 shares of the company were exchanged, compared to its average volume of 492,989. The business's fifty day moving average price is $43.34 and its 200 day moving average price is $44.63. The stock has a market capitalization of $2.03 billion, a P/E ratio of 317.08 and a beta of 1.38. Kulicke and Soffa Industries has a fifty-two week low of $36.13 and a fifty-two week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings data 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 negative return on equity of 1.26% and a net margin of 0.48%. Equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be issued a $0.205 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.16%. Kulicke and Soffa Industries's dividend payout ratio is presently 683.33%.

Kulicke and Soffa Industries declared that its board has initiated a stock buyback program on Wednesday, November 13th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the semiconductor company to purchase up to 11.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

About Kulicke and Soffa Industries

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.