Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives $52.00 Average PT from Analysts

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) have earned an average rating of "Moderate Buy" from the five brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $52.00.

KLIC has been the subject of a number of research analyst reports. StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC traded up $0.18 during mid-day trading on Friday, reaching $33.68. The stock had a trading volume of 182,022 shares, compared to its average volume of 517,339. The business has a fifty day moving average of $39.47 and a 200 day moving average of $43.96. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 280.67 and a beta of 1.38. Kulicke and Soffa Industries has a 12 month low of $31.77 and a 12 month high of $53.71.

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Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts forecast that Kulicke and Soffa Industries will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business 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 dividend of $0.205 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.43%. Kulicke and Soffa Industries's payout ratio is 683.33%.

Hedge Funds Weigh In On Kulicke and Soffa Industries

A number of institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 137.5% in the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 414 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth $37,000. GAMMA Investing LLC grew its position in shares of Kulicke and Soffa Industries by 61.0% during the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock worth $48,000 after buying an additional 387 shares in the last quarter. Signaturefd LLC increased its stake in shares of Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after buying an additional 278 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Kulicke and Soffa Industries by 397.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock valued at $53,000 after acquiring an additional 918 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

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.