Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives $87.75 Consensus Price Target from Analysts

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have earned a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $87.75.

Several equities analysts have issued reports on the stock. Craig Hallum boosted their price objective on shares of Kulicke and Soffa Industries from $64.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, August 6th. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 7th. DA Davidson upped their price target on shares of Kulicke and Soffa Industries from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, September 24th. Needham & Company LLC upped their price target on shares of Kulicke and Soffa Industries from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, September 24th. Finally, B. Riley upped their price target on shares of Kulicke and Soffa Industries from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, September 17th.

KLIC traded up $0.35 during trading on Monday, hitting $50.35. The stock had a trading volume of 4,712 shares, compared to its average volume of 927,779. The firm has a market capitalization of $3.12 billion, a P/E ratio of 12.69 and a beta of 1.24. The company’s 50-day moving average price is $64.93 and its 200 day moving average price is $57.59. Kulicke and Soffa Industries has a twelve month low of $25.20 and a twelve month high of $75.29.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Tuesday, August 3rd. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.51. The company had revenue of $424.32 million for the quarter, compared to analysts’ expectations of $400.00 million. Kulicke and Soffa Industries had a net margin of 20.60% and a return on equity of 31.70%. As a group, analysts predict that Kulicke and Soffa Industries will post 6.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 12th. Investors of record on Thursday, September 23rd were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.11%. Kulicke and Soffa Industries’s payout ratio is 58.95%.

In other Kulicke and Soffa Industries news, VP Zamir Shai Soloveizik sold 2,500 shares of the company’s stock in a transaction dated Friday, August 6th. The shares were sold at an average price of $65.00, for a total value of $162,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stephen Ray Drake sold 1,199 shares of the company’s stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $74.71, for a total transaction of $89,577.29. Following the completion of the transaction, the vice president now owns 12,930 shares in the company, valued at $966,000.30. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in KLIC. Nisa Investment Advisors LLC purchased a new position in Kulicke and Soffa Industries in the 2nd quarter valued at about $26,000. Fieldpoint Private Securities LLC purchased a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth about $38,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth about $100,000. Lazard Asset Management LLC lifted its holdings in shares of Kulicke and Soffa Industries by 116.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,178 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 1,170 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth about $108,000. Institutional investors own 90.57% of the company’s stock.

About Kulicke and Soffa Industries

Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of tools used to assemble semiconductor devices. It operates through the Capital Equipment and APS segments. The Capital Equipment segment consists of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

Featured Story: Understanding Average Daily Trade Volume

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.