Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $29.70.

Several equities research analysts have weighed in on the company. BidaskClub cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, August 15th. ValuEngine cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Friday, July 20th. B. Riley increased their price objective on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Finally, Cowen assumed coverage on Kulicke and Soffa Industries in a report on Monday, May 14th. They issued a “market perform” rating and a $25.00 price objective for the company.

In other news, Director Brian R. Bachman sold 2,200 shares of the stock in a transaction that occurred on Friday, July 13th. The stock was sold at an average price of $28.00, for a total value of $61,600.00. Following the completion of the transaction, the director now owns 17,928 shares of the company’s stock, valued at approximately $501,984. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Deepak Sood sold 20,000 shares of the stock in a transaction that occurred on Friday, July 13th. The stock was sold at an average price of $28.00, for a total value of $560,000.00. Following the completion of the transaction, the vice president now directly owns 87,235 shares of the company’s stock, valued at approximately $2,442,580. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,900 shares of company stock valued at $639,000. Company insiders own 1.40% of the company’s stock.

Large investors have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC bought a new position in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $114,000. Itau Unibanco Holding S.A. bought a new position in shares of Kulicke and Soffa Industries in the 2nd quarter worth approximately $119,000. Wells Fargo & Company MN raised its position in shares of Kulicke and Soffa Industries by 71.4% in the 4th quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 2,449 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $150,000. Finally, Allianz Asset Management GmbH bought a new position in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $204,000. 84.10% of the stock is owned by hedge funds and other institutional investors.

NASDAQ KLIC opened at $25.88 on Tuesday. Kulicke and Soffa Industries has a fifty-two week low of $18.22 and a fifty-two week high of $28.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.02 and a quick ratio of 4.42. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.97 and a beta of 1.22.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, May 31st. The semiconductor company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Kulicke and Soffa Industries had a return on equity of 19.51% and a net margin of 6.93%. The business had revenue of $221.77 million during the quarter, compared to analysts’ expectations of $221.80 million. research analysts expect that Kulicke and Soffa Industries will post 2.27 earnings per share for the current year.

Kulicke and Soffa Industries announced that its board has authorized a stock repurchase program on Tuesday, July 10th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable 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, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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