Kulicke and Soffa Industries (NASDAQ:KLIC) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research downgraded Kulicke and Soffa Industries to “Hold” from “Strong Buy.” The broader analyst consensus is also “Hold,” with two Buy ratings, three Hold ratings, and an average price target of $69.67.
• The company recently exceeded quarterly expectations, reporting $1.20 in EPS versus the $1.06 consensus and $330.41 million in revenue versus $308.50 million expected. Revenue increased 122.6% year over year.
• KLIC opened at $94.95, within a wide 52-week range of $35.02 to $135.80, while institutional investors own approximately 98.22% of outstanding shares.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday, Zacks reports.

A number of other research firms also recently issued reports on KLIC. Needham & Company LLC lifted their price objective on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kulicke and Soffa Industries has an average rating of "Hold" and an average price target of $69.67.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $94.95 on Tuesday. Kulicke and Soffa Industries has a fifty-two week low of $35.02 and a fifty-two week high of $135.80. The stock's 50-day moving average is $88.09 and its two-hundred day moving average is $94.10. The firm has a market cap of $4.97 billion, a P/E ratio of 43.76 and a beta of 1.55.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The company had revenue of $330.41 million during the quarter, compared to the consensus estimate of $308.50 million. During the same quarter last year, the company earned $0.07 EPS. The company's quarterly revenue was up 122.6% on a year-over-year basis. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, equities analysts expect that Kulicke and Soffa Industries will post 3.38 EPS for the current year.

Institutional Investors Weigh In On Kulicke and Soffa Industries

A number of hedge funds have recently made changes to their positions in KLIC. Summit Securities Group LLC bought a new position in Kulicke and Soffa Industries during the first quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Kulicke and Soffa Industries in the second quarter valued at about $28,000. Kilter Group LLC bought a new position in shares of Kulicke and Soffa Industries during the 2nd quarter valued at approximately $42,000. USA Financial Formulas bought a new position in shares of Kulicke and Soffa Industries during the 1st quarter valued at approximately $44,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Kulicke and Soffa Industries during the 1st quarter worth approximately $58,000. 98.22% of the stock is currently owned by institutional investors.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc NASDAQ: KLIC develops and manufactures semiconductor and electronic assembly equipment. Its products are used in the back-end manufacturing stage, where semiconductor devices are assembled, connected, and packaged for use in electronic products.

The company's offerings include ball bonders, wedge bonders, die attach equipment, advanced packaging systems, and related tools and consumables. These solutions support applications such as power semiconductors, automotive electronics, communications equipment, integrated circuits, light-emitting diodes, and other semiconductor devices.

Founded in 1951, Kulicke and Soffa serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics producers worldwide.

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