DA Davidson Has Lowered Expectations for Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Price

Kulicke and Soffa Industries (NASDAQ:KLIC) had its price objective dropped by DA Davidson from $65.00 to $60.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. DA Davidson’s target price suggests a potential upside of 29.90% from the stock’s previous close. DA Davidson also issued estimates for Kulicke and Soffa Industries’ FY2025 earnings at $1.32 EPS.

A number of other equities research analysts have also weighed in on the stock. Needham & Company LLC raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Friday. StockNews.com cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Craig Hallum lowered their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, TD Cowen upped their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.40.

Kulicke and Soffa Industries Stock Up 1.3 %

NASDAQ:KLIC opened at $46.19 on Friday. The stock’s 50-day simple moving average is $44.27 and its 200 day simple moving average is $45.36. Kulicke and Soffa Industries has a twelve month low of $38.20 and a twelve month high of $56.71. The firm has a market capitalization of $2.52 billion, a PE ratio of -37.55 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, November 13th. The semiconductor company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $181.30 million during the quarter, compared to the consensus estimate of $180.03 million. Kulicke and Soffa Industries had a negative net margin of 9.77% and a negative return on equity of 0.90%. Kulicke and Soffa Industries’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, analysts anticipate that Kulicke and Soffa Industries will post 1.46 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 13th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Kulicke and Soffa Industries

Several large investors have recently modified their holdings of KLIC. Headlands Technologies LLC acquired a new position in shares of Kulicke and Soffa Industries during the 1st quarter valued at $29,000. Advisors Asset Management Inc. increased 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 holdings in shares of Kulicke and Soffa Industries by 226.3% during 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 during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Kulicke and Soffa Industries during the third quarter valued at about $53,000. Finally, Blue Trust Inc. boosted its position in shares of Kulicke and Soffa Industries by 17,075.0% during the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 1,366 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

About Kulicke and Soffa Industries

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.