Kulicke and Soffa Industries (NASDAQ:KLIC) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a hold rating to a buy rating in a research note issued to investors on Thursday, BidAskClub reports.

A number of other brokerages have also recently weighed in on KLIC. DA Davidson cut Kulicke and Soffa Industries from a buy rating to a neutral rating and lowered their price target for the company from $30.00 to $26.00 in a research report on Monday, July 8th. Zacks Investment Research cut Kulicke and Soffa Industries from a hold rating to a sell rating in a research report on Thursday. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a buy rating to a strong-buy rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kulicke and Soffa Industries has an average rating of Buy and an average target price of $26.50.

NASDAQ:KLIC traded up $0.07 during trading hours on Thursday, reaching $22.90. The company had a trading volume of 273,536 shares, compared to its average volume of 431,253. The stock has a 50-day moving average of $21.33 and a two-hundred day moving average of $21.99. Kulicke and Soffa Industries has a one year low of $17.40 and a one year high of $25.61. The firm has a market capitalization of $1.43 billion, a PE ratio of 9.42 and a beta of 1.35. The company has a quick ratio of 4.33, a current ratio of 4.85 and a debt-to-equity ratio of 0.02.



Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Kulicke and Soffa Industries had a return on equity of 6.21% and a net margin of 5.96%. The firm had revenue of $127.11 million for the quarter, compared to analysts’ expectations of $128.70 million. During the same period in the prior year, the business posted $0.89 earnings per share. The business’s revenue was down 52.7% compared to the same quarter last year. As a group, sell-side analysts expect that Kulicke and Soffa Industries will post 0.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Friday, September 27th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, September 26th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 19.75%.

Hedge funds have recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new position in Kulicke and Soffa Industries in the first quarter valued at about $36,000. Financial Gravity Wealth Inc. lifted its stake in Kulicke and Soffa Industries by 348.4% in the second quarter. Financial Gravity Wealth Inc. now owns 1,780 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 1,383 shares during the period. Russell Investments Group Ltd. acquired a new position in Kulicke and Soffa Industries in the second quarter valued at about $51,000. Tower Research Capital LLC TRC lifted its stake in Kulicke and Soffa Industries by 25,411.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,296 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 2,287 shares during the period. Finally, Quantamental Technologies LLC lifted its stake in Kulicke and Soffa Industries by 31.2% in the second quarter. Quantamental Technologies LLC now owns 3,378 shares of the semiconductor company’s stock valued at $76,000 after buying an additional 804 shares during the period. Institutional investors own 92.10% of the company’s stock.

About Kulicke and Soffa Industries

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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