Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Price Down 5.3%

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC)’s stock price traded down 5.3% during mid-day trading on Wednesday . The company traded as low as $20.00 and last traded at $20.00, 519,902 shares changed hands during mid-day trading. An increase of 17% from the average session volume of 443,787 shares. The stock had previously closed at $21.11.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Tuesday. DA Davidson lowered Kulicke and Soffa Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $26.00 in a research note on Monday, July 8th. BidaskClub raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $27.20.

The business has a 50 day simple moving average of $22.11. The company has a market capitalization of $1.27 billion, a P/E ratio of 8.23 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.33 and a current ratio of 4.85.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The company had revenue of $127.11 million for the quarter, compared to analyst estimates of $128.70 million. Kulicke and Soffa Industries had a return on equity of 6.21% and a net margin of 5.96%. The firm’s revenue for the quarter was down 52.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. Equities analysts forecast that Kulicke and Soffa Industries Inc. will post 0.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, September 26th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 19.75%.

In related news, Director Peter T. M. Kong acquired 10,000 shares of the stock in a transaction on Monday, May 20th. The shares were bought at an average price of $19.37 per share, with a total value of $193,700.00. Following the completion of the purchase, the director now owns 64,690 shares of the company’s stock, valued at approximately $1,253,045.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLIC. Versant Capital Management Inc raised its position in Kulicke and Soffa Industries by 758.3% in the first quarter. Versant Capital Management Inc now owns 1,399 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 1,236 shares during the period. Icon Wealth Partners LLC purchased a new stake in Kulicke and Soffa Industries in the first quarter valued at $36,000. Financial Gravity Wealth Inc. raised its position in Kulicke and Soffa Industries by 348.4% in the second quarter. Financial Gravity Wealth Inc. now owns 1,780 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 1,383 shares during the period. Valeo Financial Advisors LLC purchased a new stake in Kulicke and Soffa Industries in the first quarter valued at $46,000. Finally, Advisor Group Inc. raised its position in Kulicke and Soffa Industries by 340.9% in the fourth quarter. Advisor Group Inc. now owns 2,231 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 1,725 shares during the period. 91.36% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Company Profile (NASDAQ:KLIC)

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

See Also: NASDAQ

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.