Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $27.64 and last traded at $27.45, with a volume of 6904 shares changing hands. The stock had previously closed at $27.18.

KLIC has been the topic of several recent analyst reports. BidaskClub upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a report on Thursday. ValuEngine downgraded Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Cowen raised their price objective on Kulicke and Soffa Industries from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Finally, DA Davidson raised Kulicke and Soffa Industries from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday, November 21st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $29.50.

The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.61 and a current ratio of 5.12. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 59.57 and a beta of 1.40. The company has a fifty day moving average of $26.36 and a two-hundred day moving average of $23.61.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, November 14th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. Kulicke and Soffa Industries had a return on equity of 3.72% and a net margin of 2.16%. The company had revenue of $139.80 million for the quarter, compared to the consensus estimate of $140.11 million. During the same quarter last year, the business posted $0.45 EPS. Kulicke and Soffa Industries’s revenue for the quarter was down 24.4% on a year-over-year basis. Equities analysts expect that Kulicke and Soffa Industries Inc. will post 1.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, December 26th. Kulicke and Soffa Industries’s payout ratio is presently 104.35%.

In other Kulicke and Soffa Industries news, Director Brian R. Bachman sold 1,000 shares of Kulicke and Soffa Industries stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.50, for a total transaction of $27,500.00. Following the transaction, the director now directly owns 23,667 shares of the company’s stock, valued at approximately $650,842.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian R. Bachman sold 2,000 shares of Kulicke and Soffa Industries stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $25.00, for a total value of $50,000.00. Following the transaction, the director now directly owns 23,293 shares in the company, valued at $582,325. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. Whale Rock Capital Management LLC bought a new stake in Kulicke and Soffa Industries in the 2nd quarter worth approximately $36,170,000. Morgan Stanley grew its position in shares of Kulicke and Soffa Industries by 1,079.4% during the second quarter. Morgan Stanley now owns 298,233 shares of the semiconductor company’s stock worth $6,725,000 after buying an additional 272,946 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Kulicke and Soffa Industries by 18.9% during the third quarter. Fisher Asset Management LLC now owns 467,515 shares of the semiconductor company’s stock worth $10,977,000 after buying an additional 74,411 shares in the last quarter. Invesco Ltd. grew its position in shares of Kulicke and Soffa Industries by 2.7% during the second quarter. Invesco Ltd. now owns 1,835,064 shares of the semiconductor company’s stock worth $41,381,000 after buying an additional 48,804 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Kulicke and Soffa Industries by 516.3% during the second quarter. Point72 Asset Management L.P. now owns 57,539 shares of the semiconductor company’s stock worth $1,298,000 after buying an additional 48,203 shares in the last quarter. 88.98% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Company Profile (NASDAQ:KLIC)

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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