Kulicke and Soffa Industries (NASDAQ:KLIC) Price Target Lowered to $47.00 at B. Riley

Kulicke and Soffa Industries (NASDAQ:KLIC) had its target price lowered by B. Riley from $54.00 to $47.00 in a report released on Friday, Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q3 2024 earnings at $0.30 EPS, Q4 2024 earnings at $0.41 EPS, FY2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.61 EPS and FY2025 earnings at $1.69 EPS.

Several other equities research analysts have also commented on KLIC. TheStreet lowered shares of Kulicke and Soffa Industries from a b- rating to a c rating in a research note on Wednesday, January 31st. Needham & Company LLC reiterated a hold rating on shares of Kulicke and Soffa Industries in a report on Friday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of Hold and a consensus target price of $59.00.

Kulicke and Soffa Industries Price Performance

KLIC traded up $0.49 on Friday, hitting $47.49. 402,067 shares of the company’s stock were exchanged, compared to its average volume of 479,675. The stock has a fifty day moving average of $48.18 and a two-hundred day moving average of $49.25. Kulicke and Soffa Industries has a twelve month low of $40.20 and a twelve month high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.19). Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The firm had revenue of $172.10 million during the quarter, compared to analyst estimates of $170.20 million. During the same quarter in the previous year, the business posted $0.38 EPS. Kulicke and Soffa Industries’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that Kulicke and Soffa Industries will post 1.2 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 25th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -67.23%.

Insider Buying and Selling

In related news, SVP Robert Nestor Chylak sold 8,771 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total value of $429,515.87. Following the completion of the transaction, the senior vice president now owns 24,240 shares of the company’s stock, valued at approximately $1,187,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

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 KLIC. Quadrant Capital Group LLC lifted its position in Kulicke and Soffa Industries by 29.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock worth $65,000 after buying an additional 272 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Kulicke and Soffa Industries by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,941 shares of the semiconductor company’s stock worth $289,000 after buying an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Kulicke and Soffa Industries by 10.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock worth $188,000 after buying an additional 353 shares in the last quarter. CWM LLC lifted its position in Kulicke and Soffa Industries by 53.4% in the 1st quarter. CWM LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after buying an additional 416 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in Kulicke and Soffa Industries by 340.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after buying an additional 443 shares in 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.