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

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $52.00.

A number of equities analysts have commented on KLIC shares. Needham & Company LLC reissued a "buy" rating and set a $53.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC traded down $3.76 on Friday, hitting $30.11. The company had a trading volume of 69,566 shares, compared to its average volume of 517,696. The company's fifty day moving average price is $39.22 and its 200-day moving average price is $43.89. The company has a market capitalization of $1.61 billion, a PE ratio of 250.92 and a beta of 1.38. Kulicke and Soffa Industries has a 12-month low of $29.87 and a 12-month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. On average, sell-side analysts anticipate that Kulicke and Soffa Industries will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared 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 of this dividend is Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.72%. Kulicke and Soffa Industries's dividend payout ratio is presently 683.33%.

Institutional Trading of Kulicke and Soffa Industries

Several large investors have recently added to or reduced their stakes in KLIC. The Manufacturers Life Insurance Company raised its holdings in shares of Kulicke and Soffa Industries by 68.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock worth $82,220,000 after acquiring an additional 717,832 shares during the period. Point72 Hong Kong Ltd purchased a new position in Kulicke and Soffa Industries during the fourth quarter worth about $24,109,000. Point72 Asset Management L.P. acquired a new position in Kulicke and Soffa Industries in the 4th quarter valued at about $22,134,000. Millennium Management LLC boosted its holdings in Kulicke and Soffa Industries by 286.1% in the 4th quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company's stock valued at $19,747,000 after purchasing an additional 313,595 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Kulicke and Soffa Industries by 354.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 212,119 shares of the semiconductor company's stock valued at $9,897,000 after buying an additional 165,431 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Company Profile

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.