Kulicke and Soffa Industries (NASDAQ:KLIC - Free Report) had its target price increased by TD Cowen from $45.00 to $50.00 in a research report sent to investors on Friday morning, MarketBeat reports. They currently have a hold rating on the semiconductor company's stock.
Several other equities research analysts also recently issued reports on KLIC. StockNews.com downgraded Kulicke and Soffa Industries from a "hold" rating to a "sell" rating in a research report on Tuesday. Needham & Company LLC raised Kulicke and Soffa Industries from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Friday. Finally, Craig Hallum dropped 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Kulicke and Soffa Industries presently has an average rating of "Hold" and a consensus target price of $52.40.
Check Out Our Latest Stock Report on Kulicke and Soffa Industries
Kulicke and Soffa Industries Price Performance
NASDAQ:KLIC traded up $0.58 during trading hours on Friday, reaching $46.19. The company's stock had a trading volume of 1,366,997 shares, compared to its average volume of 500,819. Kulicke and Soffa Industries has a one year low of $38.20 and a one year high of $56.71. The business's 50-day moving average is $44.12 and its 200-day moving average is $45.37. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -37.40 and a beta of 1.38.
Kulicke and Soffa Industries declared that its board has authorized a stock repurchase program on Wednesday, November 13th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 11.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
Kulicke and Soffa Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.78%. This is a boost from Kulicke and Soffa Industries's previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 19th. Kulicke and Soffa Industries's payout ratio is currently -65.04%.
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. Headlands Technologies LLC bought a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at $29,000. Advisors Asset Management Inc. raised its position in shares of Kulicke and Soffa Industries by 137.5% during the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 414 shares during the period. Signaturefd LLC lifted its holdings in shares of Kulicke and Soffa Industries by 226.3% during the 3rd 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 shares of Kulicke and Soffa Industries by 17,075.0% in the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company's stock valued at $69,000 after purchasing an additional 1,366 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at approximately $73,000. 98.22% of the stock is owned by institutional investors.
About Kulicke and Soffa Industries
(
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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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