Kulicke and Soffa Industries (NASDAQ:KLIC) Lowered to Hold at Zacks Investment Research
According to Zacks, “Kulicke & Soffa is a leading provider of semiconductor packaging and electronic assembly solutions supporting the global automotive, consumer, communications, computing and industrial segments. As a pioneer in the semiconductor space, K&S has provided customers with market leading packaging solutions for decades. In recent years, K&S has expanded its product offerings through strategic acquisitions and organic development, adding advanced packaging, electronics assembly, wedge bonding and a broader range of expendable tools to its core offerings. Combined with its extensive expertise in process technology and focus on development, K&S is well positioned to help customers meet the challenges of packaging and assembling the next-generation of electronic devices. “
Other equities research analysts have also issued reports about the company. Craig Hallum increased their price target on Kulicke and Soffa Industries from $40.00 to $55.00 and gave the company a buy rating in a research report on Wednesday, January 20th. B. Riley upped their price objective on Kulicke and Soffa Industries from $38.00 to $44.00 and gave the company a buy rating in a research note on Monday, December 14th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $45.75.
Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Tuesday, February 2nd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. The business had revenue of $267.86 million during the quarter, compared to analyst estimates of $265.00 million. Kulicke and Soffa Industries had a return on equity of 7.92% and a net margin of 8.39%. As a group, research analysts anticipate that Kulicke and Soffa Industries will post 1.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 12th. Stockholders of record on Thursday, March 25th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 24th. This represents a $0.56 annualized dividend and a dividend yield of 1.02%. Kulicke and Soffa Industries’s payout ratio is 58.95%.
In other news, Director Gregory F. Milzcik purchased 2,310 shares of the business’s stock in a transaction dated Tuesday, February 9th. The stock was bought at an average price of $43.31 per share, for a total transaction of $100,046.10. Following the purchase, the director now owns 71,904 shares of the company’s stock, valued at $3,114,162.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Zamir Shai Soloveizik sold 2,500 shares of the stock in a transaction on Monday, April 5th. The stock was sold at an average price of $55.00, for a total value of $137,500.00. Following the transaction, the vice president now owns 22,188 shares of the company’s stock, valued at approximately $1,220,340. The disclosure for this sale can be found here. Insiders have sold a total of 48,578 shares of company stock valued at $2,433,368 in the last quarter. 1.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of KLIC. First Trust Advisors LP bought a new position in Kulicke and Soffa Industries in the 1st quarter worth about $350,000. JPMorgan Chase & Co. boosted its stake in Kulicke and Soffa Industries by 77.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 296,002 shares of the semiconductor company’s stock worth $6,701,000 after purchasing an additional 129,125 shares during the period. Guggenheim Capital LLC bought a new position in Kulicke and Soffa Industries in the 3rd quarter worth about $325,000. UBS Asset Management Americas Inc. boosted its stake in Kulicke and Soffa Industries by 6.0% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 58,826 shares of the semiconductor company’s stock worth $1,318,000 after purchasing an additional 3,318 shares during the period. Finally, Morgan Stanley boosted its stake in Kulicke and Soffa Industries by 2.0% in the 3rd quarter. Morgan Stanley now owns 167,702 shares of the semiconductor company’s stock worth $3,756,000 after purchasing an additional 3,282 shares during the period. Institutional investors and hedge funds own 82.56% of the company’s stock.
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 ball and wedge bonders, and advanced packaging and electronic assembly solutions.
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