Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as $34.31 and last traded at $34.50, with a volume of 618863 shares trading hands. The stock had previously closed at $35.47.
Analysts Set New Price Targets
KLIC has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a research 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.00.
Check Out Our Latest Stock Analysis on KLIC
Kulicke and Soffa Industries Stock Performance
The company has a fifty day moving average price of $40.04 and a two-hundred day moving average price of $44.05. The company has a market cap of $1.76 billion, a P/E ratio of 274.83 and a beta of 1.38.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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%. Research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS 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. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.49%. Kulicke and Soffa Industries's dividend payout ratio is presently 683.33%.
Hedge Funds Weigh In On Kulicke and Soffa Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Kulicke and Soffa Industries by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock valued at $152,975,000 after buying an additional 50,430 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Kulicke and Soffa Industries by 68.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock valued at $82,220,000 after acquiring an additional 717,832 shares during the period. Copeland Capital Management LLC lifted its holdings in Kulicke and Soffa Industries by 2.3% during the 4th quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company's stock valued at $70,113,000 after purchasing an additional 33,124 shares during the last quarter. Royce & Associates LP boosted its position in Kulicke and Soffa Industries by 4.9% during the fourth quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company's stock worth $54,379,000 after purchasing an additional 54,116 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Kulicke and Soffa Industries by 11.8% in the fourth quarter. Northern Trust Corp now owns 734,140 shares of the semiconductor company's stock valued at $34,255,000 after purchasing an additional 77,479 shares during the last quarter. Institutional investors own 98.22% of the company's stock.
About Kulicke and Soffa Industries
(
Get Free Report)
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.
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