BidaskClub cut shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a sell rating to a strong sell rating in a research report released on Wednesday morning.

A number of other research firms have also weighed in on KLIC. Cowen reissued a hold rating and set a $22.00 price target on shares of Kulicke and Soffa Industries in a research report on Monday, February 4th. ValuEngine lowered shares of Kulicke and Soffa Industries from a hold rating to a sell rating in a research report on Thursday, January 24th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $28.40.

Kulicke and Soffa Industries stock opened at $21.65 on Wednesday. Kulicke and Soffa Industries has a 1-year low of $17.40 and a 1-year high of $28.69. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 2.18 and a beta of 1.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.81 and a current ratio of 6.58.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Thursday, January 31st. The semiconductor company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Kulicke and Soffa Industries had a net margin of 16.06% and a return on equity of 16.99%. The company had revenue of $157.21 million for the quarter, compared to analyst estimates of $155.00 million. During the same period last year, the firm earned $0.54 earnings per share. Equities research analysts predict that Kulicke and Soffa Industries will post 0.84 EPS for the current year.

Kulicke and Soffa Industries declared that its board has authorized a share repurchase plan on Thursday, January 31st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, March 27th. Kulicke and Soffa Industries’s payout ratio is currently 19.75%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its holdings in Kulicke and Soffa Industries by 103.1% during the fourth quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock worth $25,000 after buying an additional 631 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in Kulicke and Soffa Industries during the fourth quarter worth about $26,000. Proficio Capital Partners LLC increased its holdings in Kulicke and Soffa Industries by 56.4% during the fourth quarter. Proficio Capital Partners LLC now owns 1,472 shares of the semiconductor company’s stock worth $30,000 after buying an additional 531 shares during the last quarter. Advisor Group Inc. increased its holdings in Kulicke and Soffa Industries by 340.9% during the fourth quarter. Advisor Group Inc. now owns 2,231 shares of the semiconductor company’s stock worth $46,000 after buying an additional 1,725 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in Kulicke and Soffa Industries during the fourth quarter worth about $57,000. 89.16% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Company Profile

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.

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