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

Kulicke and Soffa Industries (NASDAQ:KLIC) had its price objective cut by B. Riley from $54.00 to $47.00 in a report released on Friday morning, Benzinga reports. They currently have 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.

A number of other research firms have also issued reports on KLIC. Needham & Company LLC restated a hold rating on shares of Kulicke and Soffa Industries in a research report on Friday. TheStreet cut Kulicke and Soffa Industries from a b- rating to a c rating in a report on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $59.00.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC stock traded up $0.49 on Friday, hitting $47.49. The company had a trading volume of 402,067 shares, compared to its average volume of 479,675. The company has a 50-day moving average price of $48.18 and a 200-day moving average price 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 issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share (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 company had revenue of $172.10 million during the quarter, compared to analyst estimates of $170.20 million. During the same period last year, the firm earned $0.38 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that Kulicke and Soffa Industries will post 1.2 EPS 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 paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries’s payout ratio is currently -67.23%.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 8,771 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total value of $429,515.87. Following the sale, the senior vice president now directly owns 24,240 shares in the company, valued at $1,187,032.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Institutional Trading of Kulicke and Soffa Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. increased its position in shares of Kulicke and Soffa Industries by 340.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 443 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth about $33,000. Blue Trust Inc. increased its position in shares of Kulicke and Soffa Industries by 224.6% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 465 shares in the last quarter. GAMMA Investing LLC acquired a new position in Kulicke and Soffa Industries in the 4th quarter valued at about $40,000. Finally, CWM LLC increased its position in Kulicke and Soffa Industries by 120.7% in the 4th quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 426 shares during the period. 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.