Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Kulicke and Soffa Industries, Inc. has received a consensus rating of "Hold" from five brokerages, with an average 1-year price target set at $42.00.
• Insider trading activity saw SVP Nelson Munpun Wong sell 30,000 shares at $37.07 each, representing a 16.90% decrease in ownership.
• The company recently announced a quarterly dividend of $0.205 per share, yielding 2.0%, despite a high dividend payout ratio of 1,025.00%.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) have received an average recommendation of "Hold" from the five brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $42.00.

Several equities analysts have recently commented on the company. B. Riley increased their target price on Kulicke and Soffa Industries from $30.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday. Weiss Ratings restated a "hold (c-)" rating on shares of Kulicke and Soffa Industries in a research note on Wednesday. TD Cowen raised their price objective on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. Finally, Needham & Company LLC raised their target price on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, August 7th.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of Kulicke and Soffa Industries stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total transaction of $1,112,100.00. Following the sale, the senior vice president directly owned 147,533 shares in the company, valued at $5,469,048.31. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kulicke and Soffa Industries

A number of hedge funds and other institutional investors have recently modified their holdings of KLIC. True Wealth Design LLC raised its position in Kulicke and Soffa Industries by 7,609.1% in the second quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 837 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Kulicke and Soffa Industries by 789.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 821 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Kulicke and Soffa Industries by 2,665.7% in the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 933 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Kulicke and Soffa Industries in the second quarter worth about $34,000. Finally, Fifth Third Bancorp raised its position in Kulicke and Soffa Industries by 99.7% in the first quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 606 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Trading Down 0.0%

KLIC traded down $0.01 during midday trading on Friday, hitting $40.87. The company's stock had a trading volume of 24,972 shares, compared to its average volume of 575,781. The firm has a market cap of $2.13 billion, a P/E ratio of 510.75 and a beta of 1.57. The firm has a 50-day moving average price of $38.30 and a two-hundred day moving average price of $35.00. Kulicke and Soffa Industries has a 52-week low of $26.63 and a 52-week high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $148.41 million during the quarter, compared to analysts' expectations of $145.48 million. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%.The company's revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. On average, equities analysts expect that Kulicke and Soffa Industries will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 18th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, September 18th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 1,025.00%.

Kulicke and Soffa Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.