Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Tuesday.
Several other analysts have also weighed in on KLIC. Craig Hallum decreased their target price on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. TD Cowen decreased their target price on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $47.33.
View Our Latest Analysis on Kulicke and Soffa Industries
Kulicke and Soffa Industries Stock Performance
Shares of Kulicke and Soffa Industries stock traded down $0.57 during midday trading on Tuesday, reaching $48.04. 599,167 shares of the company's stock traded hands, compared to its average volume of 492,020. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -46.74 and a beta of 1.38. The company's 50 day simple moving average is $43.72 and its 200 day simple moving average is $45.35. Kulicke and Soffa Industries has a 52 week low of $38.20 and a 52 week high of $56.71.
Institutional Investors Weigh In On Kulicke and Soffa Industries
Several hedge funds have recently added to or reduced their stakes in KLIC. Headlands Technologies LLC bought a new position in Kulicke and Soffa Industries during the first quarter valued at about $29,000. Advisors Asset Management Inc. raised its stake in 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 in the last quarter. Signaturefd LLC raised its stake in Kulicke and Soffa Industries by 226.3% in the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 543 shares in the last quarter. Blue Trust Inc. grew its position in Kulicke and Soffa Industries by 17,075.0% during the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company's stock valued at $69,000 after acquiring an additional 1,366 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Kulicke and Soffa Industries during the second quarter valued at approximately $73,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.
Kulicke and Soffa Industries Company Profile
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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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