Kulicke and Soffa Industries (NASDAQ:KLIC) Sets New 12-Month Low - Here's What Happened

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $29.53 and last traded at $29.55, with a volume of 927727 shares. The stock had previously closed at $33.87.

Analysts Set New Price Targets

KLIC has been the topic of several analyst reports. Needham & Company LLC restated a "buy" rating and issued a $53.00 target price 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Kulicke and Soffa Industries Stock Performance

The company's 50 day simple moving average is $37.19 and its two-hundred day simple moving average is $43.30. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 245.00 and a beta of 1.50.

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 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%. On average, equities research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 683.33%.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Several institutional investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in Kulicke and Soffa Industries by 308.6% in the 3rd quarter. FMR LLC now owns 13,369 shares of the semiconductor company's stock worth $603,000 after acquiring an additional 10,097 shares during the period. Stifel Financial Corp grew its stake in shares of Kulicke and Soffa Industries by 32.4% in the 3rd quarter. Stifel Financial Corp now owns 48,328 shares of the semiconductor company's stock valued at $2,181,000 after purchasing an additional 11,836 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Kulicke and Soffa Industries in the third quarter valued at $53,000. Barclays PLC increased its position in shares of Kulicke and Soffa Industries by 85.2% during the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock worth $4,361,000 after purchasing an additional 44,429 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Kulicke and Soffa Industries by 61.0% during the fourth 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. 98.22% of the stock is currently owned by 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.