Kulicke and Soffa Industries (NASDAQ:KLIC) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a sell rating to a hold rating in a research report released on Friday, June 21st, BidAskClub reports.

Several other analysts have also issued reports on KLIC. ValuEngine raised China Southern Airlines from a sell rating to a hold rating in a research note on Tuesday, June 11th. Zacks Investment Research raised Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 target price for the company in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $27.20.

Shares of NASDAQ KLIC traded up $0.15 during midday trading on Friday, hitting $21.67. 369,533 shares of the company’s stock were exchanged, compared to its average volume of 401,799. Kulicke and Soffa Industries has a 12-month low of $17.40 and a 12-month high of $28.69. The company has a current ratio of 7.19, a quick ratio of 6.35 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.41 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 3.06 and a beta of 1.35. The firm has a fifty day moving average price of $21.31.

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

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

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $19.37 per share, for a total transaction of $193,700.00. Following the completion of the acquisition, the director now directly owns 64,690 shares in the company, valued at $1,253,045.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC boosted its position in shares of Kulicke and Soffa Industries by 103.1% during the fourth quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 631 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Kulicke and Soffa Industries by 758.3% during the first quarter. Versant Capital Management Inc now owns 1,399 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 1,236 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of Kulicke and Soffa Industries by 56.4% during the fourth quarter. Proficio Capital Partners LLC now owns 1,472 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 531 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Kulicke and Soffa Industries during the first quarter valued at $36,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Kulicke and Soffa Industries during the first quarter valued at $46,000. Institutional investors and hedge funds own 89.73% of the company’s stock.

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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