Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a “Hold” consensus on Kulicke and Soffa Industries, with three hold ratings and two buys. The average 12-month price target is $69.67, below the stock’s reported $81.32 price.
• Institutional investors own 98.22% of the company, with major new stakes from BlackRock, Manufacturers Life Insurance and Bank of New York Mellon.
• The company exceeded quarterly expectations, reporting $1.20 in adjusted earnings per share and $330.41 million in revenue, up 122.6% year over year. It also declared a quarterly dividend of $0.205 per share, equal to a 1.0% annualized yield.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) have been assigned an average recommendation of "Hold" from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $69.67.

Several equities research analysts have weighed in on KLIC shares. Needham & Company LLC increased their price target on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Zacks Research lowered shares of Kulicke and Soffa Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth about $1,204,835,000. The Manufacturers Life Insurance Company acquired a new stake in Kulicke and Soffa Industries during the second quarter worth approximately $153,050,000. Bank of New York Mellon Corp purchased a new stake in Kulicke and Soffa Industries in the second quarter valued at $98,778,000. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Kulicke and Soffa Industries by 40.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 454,215 shares of the semiconductor company's stock valued at $42,810,000 after purchasing an additional 130,162 shares during the period. Finally, Algert Global LLC increased its holdings in shares of Kulicke and Soffa Industries by 83.3% in the 2nd quarter. Algert Global LLC now owns 319,794 shares of the semiconductor company's stock valued at $42,776,000 after acquiring an additional 145,302 shares during the period. Institutional investors and hedge funds own 98.22% of the company's stock.

Kulicke and Soffa Industries Trading Up 3.4%

NASDAQ:KLIC opened at $81.32 on Tuesday. The firm has a fifty day simple moving average of $87.36 and a 200-day simple moving average of $95.26. The company has a market capitalization of $4.26 billion, a P/E ratio of 37.47 and a beta of 1.55. Kulicke and Soffa Industries has a 12 month low of $35.02 and a 12 month high of $135.80.

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 earnings per share for the quarter, beating 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 business had revenue of $330.41 million for the quarter, compared to analyst estimates of $308.50 million. During the same period in the prior year, the company earned $0.07 earnings per share. The company's 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. Equities analysts forecast that Kulicke and Soffa Industries will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 17th were issued a dividend of $0.2050 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, September 17th. Kulicke and Soffa Industries's payout ratio is currently 37.79%.

About Kulicke and Soffa Industries

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.