Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Gets Price Target Reduction from B. Riley Financial

Kulicke and Soffa Industries (NASDAQ:KLIC) had its price target cut by B. Riley Financial from $105.00 to $86.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

KLIC has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Needham & Company LLC raised their target price on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.33.

Kulicke and Soffa Industries Stock Down 9.9%

Shares of KLIC opened at $73.40 on Tuesday. Kulicke and Soffa Industries has a 52-week low of $35.02 and a 52-week high of $135.80. The company has a market capitalization of $3.84 billion, a PE ratio of 35.40 and a beta of 1.55. The stock has a fifty day simple moving average of $86.43 and a two-hundred day simple moving average of $95.55.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The firm had revenue of $330.41 million for the quarter, compared to analysts’ expectations of $308.50 million. During the same quarter in the previous year, the company posted $0.07 EPS. The company’s revenue was up 122.6% compared to the same quarter last year. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, equities analysts anticipate that Kulicke and Soffa Industries will post 3.38 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 17th were given a dividend of $0.2050 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 17th. Kulicke and Soffa Industries’s dividend payout ratio is currently 37.79%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KLIC. Bank of America Corp DE purchased a new position in Kulicke and Soffa Industries in the 2nd quarter valued at approximately $32,721,000. Louisiana State Employees Retirement System purchased a new stake in shares of Kulicke and Soffa Industries during the first quarter worth $1,525,000. HighTower Advisors LLC raised its stake in shares of Kulicke and Soffa Industries by 362.7% in the second quarter. HighTower Advisors LLC now owns 37,484 shares of the semiconductor company’s stock valued at $5,014,000 after acquiring an additional 29,383 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Kulicke and Soffa Industries in the second quarter valued at $3,174,000. Finally, Wellington Management Group LLP purchased a new stake in Kulicke and Soffa Industries during the 2nd quarter worth about $26,086,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Ltd. (NASDAQ: KLIC) designs, manufactures and supports equipment used in the assembly and packaging of semiconductor and electronic components. Its technologies help manufacturers connect semiconductor dies to packages, attach and assemble components, and produce finished devices for use in electronics, communications, automotive, industrial and other applications.

The company’s product portfolio includes wire bonding equipment, die attach systems, wedge bonding solutions and related tools, materials and services.