Kulicke and Soffa Industries (NASDAQ:KLIC) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a hold rating to a sell rating in a report released on Thursday.

A number of other analysts also recently weighed in on KLIC. Craig Hallum decreased their price target on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. TD Cowen decreased their target price on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $47.33.

Kulicke and Soffa Industries Stock Performance

KLIC stock opened at $45.58 on Thursday. The stock has a market capitalization of $2.48 billion, a PE ratio of -43.83 and a beta of 1.38. The company has a fifty day moving average of $43.14 and a 200-day moving average of $45.26. Kulicke and Soffa Industries has a one year low of $38.20 and a one year high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The firm had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $179.28 million. During the same period in the prior year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities analysts forecast that Kulicke and Soffa Industries will post -0.45 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -76.92%.

Hedge Funds Weigh In On Kulicke and Soffa Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Kulicke and Soffa Industries during the 1st quarter worth approximately $29,000. Signaturefd LLC increased its position in Kulicke and Soffa Industries by 226.3% during the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 543 shares in the last quarter. Blue Trust Inc. increased its position in 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. Innealta Capital LLC purchased a new position in Kulicke and Soffa Industries in the 2nd quarter valued at about $73,000. Finally, CWM LLC boosted its stake in shares of Kulicke and Soffa Industries by 101.8% during the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 970 shares during 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.