Kulicke and Soffa Industries (NASDAQ:KLIC) Sets New 1-Year Low - What's Next?

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $34.84 and last traded at $35.36, with a volume of 107256 shares trading hands. The stock had previously closed at $35.89.

Wall Street Analysts Forecast Growth

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 report on Thursday, February 6th. Needham & Company LLC reissued a "buy" rating and set a $53.00 price target on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Kulicke and Soffa Industries Trading Down 0.2 %

The firm has a market cap of $1.95 billion, a PE ratio of 303.75 and a beta of 1.38. The stock's 50 day moving average price is $40.79 and its 200 day moving average price is $44.15.

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 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%. Analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

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Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders 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 dividend on an annualized basis and a yield of 2.25%. Kulicke and Soffa Industries's dividend payout ratio is currently 683.33%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in shares of 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 purchasing an additional 717,832 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Kulicke and Soffa Industries in the fourth quarter worth $24,109,000. Point72 Asset Management L.P. acquired a new stake in Kulicke and Soffa Industries in the fourth quarter valued at $22,134,000. Millennium Management LLC boosted its stake in Kulicke and Soffa Industries by 286.1% during the 4th quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company's stock valued at $19,747,000 after acquiring an additional 313,595 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in Kulicke and Soffa Industries by 354.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 212,119 shares of the semiconductor company's stock worth $9,897,000 after acquiring an additional 165,431 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

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.