According to Zacks, “Kulicke & Soffa is a leading provider of semiconductor packaging and electronic assembly solutions supporting the global automotive, consumer, communications, computing and industrial segments. As a pioneer in the semiconductor space, K&S has provided customers with market leading packaging solutions for decades. In recent years, K&S has expanded its product offerings through strategic acquisitions and organic development, adding advanced packaging, electronics assembly, wedge bonding and a broader range of expendable tools to its core offerings. Combined with its extensive expertise in process technology and focus on development, K&S is well positioned to help customers meet the challenges of packaging and assembling the next-generation of electronic devices. “
A number of other analysts have also commented on the stock. ValuEngine upgraded shares of Kulicke and Soffa Industries from a buy rating to a strong-buy rating in a research note on Wednesday, September 4th. BidaskClub upgraded shares of Kulicke and Soffa Industries from a hold rating to a buy rating in a research note on Thursday, September 12th. Finally, DA Davidson lowered shares of Kulicke and Soffa Industries from a buy rating to a neutral rating and reduced their target price for the stock from $30.00 to $26.00 in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $26.50.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $127.11 million during the quarter, compared to analyst estimates of $128.70 million. Kulicke and Soffa Industries had a net margin of 5.96% and a return on equity of 6.21%. Kulicke and Soffa Industries’s quarterly revenue was down 52.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. On average, equities analysts predict that Kulicke and Soffa Industries will post 0.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Friday, September 27th will be paid a $0.12 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.01%. Kulicke and Soffa Industries’s payout ratio is 19.75%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Kulicke and Soffa Industries by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 4,282,897 shares of the semiconductor company’s stock worth $94,696,000 after acquiring an additional 99,817 shares in the last quarter. Invesco Ltd. grew its stake in shares of Kulicke and Soffa Industries by 2.7% in the 2nd quarter. Invesco Ltd. now owns 1,835,064 shares of the semiconductor company’s stock worth $41,381,000 after acquiring an additional 48,804 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Kulicke and Soffa Industries in the 2nd quarter worth $36,170,000. ARGA Investment Management LP grew its stake in shares of Kulicke and Soffa Industries by 32.1% in the 2nd quarter. ARGA Investment Management LP now owns 1,293,378 shares of the semiconductor company’s stock worth $29,166,000 after acquiring an additional 314,209 shares in the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Kulicke and Soffa Industries by 13.2% in the 1st quarter. TD Asset Management Inc. now owns 649,400 shares of the semiconductor company’s stock worth $14,358,000 after acquiring an additional 75,600 shares in the last quarter. Hedge funds and other institutional investors own 91.79% 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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