Brokerages Set Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) PT at $29.00

Shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $29.00.

Several research analysts recently weighed in on KLIC shares. BidaskClub upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 1st. B. Riley increased their price objective on Kulicke and Soffa Industries from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, TheStreet upgraded Kulicke and Soffa Industries from a “c” rating to a “b-” rating in a research report on Thursday.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank boosted its position in shares of Kulicke and Soffa Industries by 7.1% during the second quarter. Comerica Bank now owns 64,057 shares of the semiconductor company’s stock worth $1,553,000 after buying an additional 4,221 shares during the period. ARGA Investment Management LP boosted its position in shares of Kulicke and Soffa Industries by 0.9% during the second quarter. ARGA Investment Management LP now owns 2,003,820 shares of the semiconductor company’s stock worth $41,740,000 after buying an additional 17,815 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Kulicke and Soffa Industries during the second quarter worth $237,000. Peregrine Capital Management LLC boosted its position in shares of Kulicke and Soffa Industries by 1.5% during the second quarter. Peregrine Capital Management LLC now owns 324,223 shares of the semiconductor company’s stock worth $6,754,000 after buying an additional 4,659 shares during the period. Finally, Sciencast Management LP purchased a new position in shares of Kulicke and Soffa Industries during the second quarter worth $310,000. Institutional investors and hedge funds own 87.21% of the company’s stock.

Shares of KLIC opened at $23.70 on Tuesday. Kulicke and Soffa Industries has a 12-month low of $16.91 and a 12-month high of $28.66. The firm has a market capitalization of $1.48 billion, a P/E ratio of 29.26 and a beta of 1.22. The firm has a 50-day moving average price of $22.55 and a 200 day moving average price of $23.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06. The company had revenue of $150.45 million for the quarter, compared to analyst estimates of $150.00 million. Kulicke and Soffa Industries had a net margin of 7.33% and a return on equity of 6.75%. As a group, equities analysts anticipate that Kulicke and Soffa Industries will post 0.8 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 26th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.48 annualized dividend and a dividend yield of 2.03%. Kulicke and Soffa Industries’s dividend payout ratio is currently 104.35%.

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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