Analysts Set Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Price Target at $64.80

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $64.80.

A number of research analysts have recently weighed in on KLIC shares. Needham & Company LLC began coverage on Kulicke and Soffa Industries in a research note on Monday, April 19th. They issued a “buy” rating and a $64.00 price target on the stock. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a report on Thursday, April 22nd. B. Riley increased their target price on Kulicke and Soffa Industries from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 20th. Finally, Craig Hallum increased their target price on Kulicke and Soffa Industries from $61.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, April 20th.

In related news, EVP Chan Pin Chong sold 10,578 shares of the firm’s stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $51.07, for a total value of $540,218.46. Following the completion of the sale, the executive vice president now directly owns 94,303 shares in the company, valued at approximately $4,816,054.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Zamir Shai Soloveizik sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $55.00, for a total transaction of $137,500.00. Following the completion of the sale, the vice president now owns 22,188 shares of the company’s stock, valued at $1,220,340. The disclosure for this sale can be found here. Insiders sold a total of 18,078 shares of company stock valued at $977,718 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Kulicke and Soffa Industries by 4.8% during the first quarter. BlackRock Inc. now owns 6,717,183 shares of the semiconductor company’s stock worth $329,882,000 after purchasing an additional 306,400 shares during the period. Royce & Associates LP increased its holdings in shares of Kulicke and Soffa Industries by 5.8% during the first quarter. Royce & Associates LP now owns 3,164,379 shares of the semiconductor company’s stock worth $155,403,000 after purchasing an additional 174,684 shares during the period. Capital International Investors increased its holdings in shares of Kulicke and Soffa Industries by 229.0% during the first quarter. Capital International Investors now owns 1,751,063 shares of the semiconductor company’s stock worth $85,995,000 after purchasing an additional 1,218,800 shares during the period. Neumeier Poma Investment Counsel LLC increased its holdings in shares of Kulicke and Soffa Industries by 31.7% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 1,639,278 shares of the semiconductor company’s stock worth $52,145,000 after purchasing an additional 394,865 shares during the period. Finally, Investment Counselors of Maryland LLC increased its holdings in shares of Kulicke and Soffa Industries by 3.6% during the first quarter. Investment Counselors of Maryland LLC now owns 1,064,882 shares of the semiconductor company’s stock worth $52,296,000 after purchasing an additional 36,746 shares during the period. 85.02% of the stock is currently owned by institutional investors.

KLIC stock opened at $55.96 on Tuesday. Kulicke and Soffa Industries has a 1-year low of $20.10 and a 1-year high of $61.24. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 24.02 and a beta of 1.22. The firm has a 50 day moving average of $52.65.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Tuesday, May 4th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. The company had revenue of $340.16 million for the quarter, compared to analyst estimates of $340.00 million. Kulicke and Soffa Industries had a return on equity of 20.62% and a net margin of 15.66%. On average, equities analysts expect that Kulicke and Soffa Industries will post 4.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 12th. Stockholders of record on Thursday, June 24th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, June 23rd. Kulicke and Soffa Industries’s payout ratio is 58.95%.

About Kulicke and Soffa Industries

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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