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

BidaskClub downgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a hold rating to a sell rating in a report released on Thursday morning, BidAskClub reports.

KLIC has been the topic of a number of other reports. ValuEngine upgraded shares of China Southern Airlines from a sell rating to a hold rating in a report on Tuesday, June 11th. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Finally, DA Davidson cut shares of Advanced Energy Industries from a buy rating to a neutral rating and cut their price target for the stock from $60.00 to $55.00 in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Kulicke and Soffa Industries presently has a consensus rating of Hold and a consensus target price of $27.20.

KLIC stock opened at $21.67 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.19 and a quick ratio of 6.35. Kulicke and Soffa Industries has a twelve month low of $17.40 and a twelve month high of $28.69. The company has a market capitalization of $1.41 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 3.06 and a beta of 1.35. The company’s fifty day moving average price is $21.31.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.06). The firm had revenue of $115.90 million for the quarter, compared to the consensus estimate of $118.42 million. Kulicke and Soffa Industries had a net margin of 12.91% and a return on equity of 12.85%. The company’s revenue was down 47.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. Equities research analysts forecast that Kulicke and Soffa Industries will post 0.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, June 27th. Kulicke and Soffa Industries’s payout ratio is presently 19.75%.

In related news, Director Peter T. M. Kong purchased 10,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average cost of $19.37 per share, for a total transaction of $193,700.00. Following the completion of the acquisition, the director now owns 64,690 shares in the company, valued at approximately $1,253,045.30. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its stake in Kulicke and Soffa Industries by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 26,015 shares of the semiconductor company’s stock worth $575,000 after acquiring an additional 470 shares during the period. EP Wealth Advisors LLC lifted its stake in Kulicke and Soffa Industries by 5.0% in the fourth quarter. EP Wealth Advisors LLC now owns 10,500 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 500 shares during the period. Advisory Services Network LLC lifted its stake in Kulicke and Soffa Industries by 103.1% in the fourth quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 631 shares during the period. Texas Permanent School Fund lifted its stake in Kulicke and Soffa Industries by 2.2% in the first quarter. Texas Permanent School Fund now owns 44,909 shares of the semiconductor company’s stock worth $993,000 after acquiring an additional 952 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Kulicke and Soffa Industries by 5.7% in the first quarter. SG Americas Securities LLC now owns 22,822 shares of the semiconductor company’s stock worth $505,000 after acquiring an additional 1,233 shares during the period. 89.73% of the stock is 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.

Recommended Story: What is a Stop Order?

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.