Kulicke and Soffa Industries (NASDAQ:KLIC) Sees Large Volume Increase - Should You Buy?

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) saw unusually-high trading volume on Monday . Approximately 953,109 shares traded hands during mid-day trading, an increase of 65% from the previous session's volume of 576,068 shares.The stock last traded at $34.25 and had previously closed at $33.17.

Wall Street Analyst Weigh In

KLIC has been the topic of several analyst reports. TD Cowen decreased their target price on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Needham & Company LLC decreased their target price on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, DA Davidson decreased their target price on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Kulicke and Soffa Industries Stock Performance

The stock's 50-day simple moving average is $31.93 and its 200-day simple moving average is $39.16. The firm has a market capitalization of $1.84 billion, a PE ratio of 289.83 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The company had revenue of $161.99 million for the quarter, compared to analysts' expectations of $165.10 million. Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.95) earnings per share. As a group, analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, June 18th. Kulicke and Soffa Industries's payout ratio is currently 227.78%.

Institutional Trading of Kulicke and Soffa Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in shares of Kulicke and Soffa Industries by 9.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock worth $139,000 after buying an additional 254 shares during the period. Signaturefd LLC grew its position in shares of Kulicke and Soffa Industries by 35.5% in the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after buying an additional 278 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Kulicke and Soffa Industries by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,007 shares of the semiconductor company's stock worth $2,333,000 after buying an additional 298 shares during the period. Personal CFO Solutions LLC grew its position in shares of Kulicke and Soffa Industries by 6.5% in the 4th quarter. Personal CFO Solutions LLC now owns 5,576 shares of the semiconductor company's stock worth $260,000 after buying an additional 341 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Kulicke and Soffa Industries by 43.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after buying an additional 371 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

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.