BidaskClub Downgrades Kulicke and Soffa Industries (NASDAQ:KLIC) to Sell

BidaskClub cut shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a hold rating to a sell rating in a research note published on Saturday, BidAskClub reports.

A number of other equities analysts have also commented on KLIC. Zacks Investment Research lowered shares of Kulicke and Soffa Industries from a hold rating to a sell rating in a research report on Tuesday, April 28th. B. Riley raised their target price on shares of Kulicke and Soffa Industries from $26.00 to $29.00 and gave the stock a buy rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $29.20.

Shares of NASDAQ KLIC opened at $20.20 on Friday. The company has a market cap of $1.30 billion, a P/E ratio of 38.85 and a beta of 1.26. Kulicke and Soffa Industries has a 1 year low of $16.91 and a 1 year high of $28.66. The firm has a 50-day simple moving average of $22.42 and a two-hundred day simple moving average of $23.98.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The business had revenue of $150.74 million during the quarter, compared to the consensus estimate of $144.30 million. Kulicke and Soffa Industries had a net margin of 5.88% and a return on equity of 5.47%. As a group, research analysts predict that Kulicke and Soffa Industries will post 0.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Friday, June 26th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, June 25th. Kulicke and Soffa Industries’s payout ratio is 104.35%.

A number of hedge funds have recently modified their holdings of KLIC. First Trust Advisors LP purchased a new position in Kulicke and Soffa Industries during the first quarter valued at approximately $350,000. Rhumbline Advisers increased its holdings in Kulicke and Soffa Industries by 8.3% during the fourth quarter. Rhumbline Advisers now owns 115,992 shares of the semiconductor company’s stock valued at $3,155,000 after buying an additional 8,927 shares during the period. State Street Corp increased its holdings in Kulicke and Soffa Industries by 2.3% during the fourth quarter. State Street Corp now owns 778,640 shares of the semiconductor company’s stock valued at $21,271,000 after buying an additional 17,401 shares during the period. Sei Investments Co. increased its holdings in Kulicke and Soffa Industries by 13.9% during the fourth quarter. Sei Investments Co. now owns 89,277 shares of the semiconductor company’s stock valued at $2,428,000 after buying an additional 10,923 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Kulicke and Soffa Industries by 23.9% during the fourth quarter. Victory Capital Management Inc. now owns 52,798 shares of the semiconductor company’s stock valued at $1,436,000 after buying an additional 10,171 shares during the period. 87.03% 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 to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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