DA Davidson cut shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a buy rating to a neutral rating in a research note issued to investors on Monday, BenzingaRatingsTable reports. DA Davidson currently has $26.00 price objective on the semiconductor company’s stock, down from their prior price objective of $30.00.

KLIC has been the topic of a number of other reports. BidaskClub downgraded shares of Waterstone Financial from a hold rating to a sell rating in a research report on Friday, June 21st. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Finally, ValuEngine raised shares of China Southern Airlines from a sell rating to a hold rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Kulicke and Soffa Industries currently has an average rating of Hold and an average target price of $27.20.

Shares of Kulicke and Soffa Industries stock traded up $0.14 during trading on Monday, hitting $21.52. The stock had a trading volume of 1,303,284 shares, compared to its average volume of 439,944. The stock’s 50 day simple moving average is $21.22. The stock has a market cap of $1.40 billion, a P/E ratio of 8.86, a PEG ratio of 3.18 and a beta of 1.35. The company has a quick ratio of 6.35, a current ratio of 7.19 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries has a 1 year low of $17.40 and a 1 year high of $28.69.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.06). Kulicke and Soffa Industries had a net margin of 12.91% and a return on equity of 12.85%. The company had revenue of $115.90 million for the quarter, compared to analysts’ expectations of $118.42 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was down 47.7% on a year-over-year basis. On average, sell-side analysts predict that Kulicke and Soffa Industries will post 0.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Thursday, June 27th. Kulicke and Soffa Industries’s payout ratio is presently 19.75%.

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

Hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund bought a new stake in Kulicke and Soffa Industries during the 4th quarter valued at $518,000. California Public Employees Retirement System boosted its position in Kulicke and Soffa Industries by 4.1% during the 4th quarter. California Public Employees Retirement System now owns 233,640 shares of the semiconductor company’s stock valued at $4,736,000 after acquiring an additional 9,113 shares in the last quarter. Texas Permanent School Fund boosted its position in Kulicke and Soffa Industries by 3.4% during the 4th quarter. Texas Permanent School Fund now owns 43,957 shares of the semiconductor company’s stock valued at $891,000 after acquiring an additional 1,440 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Kulicke and Soffa Industries during the 4th quarter valued at $508,000. Finally, Raymond James & Associates boosted its position in Kulicke and Soffa Industries by 31.7% during the 4th quarter. Raymond James & Associates now owns 250,271 shares of the semiconductor company’s stock valued at $5,073,000 after acquiring an additional 60,230 shares in the last quarter. 89.73% of the stock is owned by institutional investors.

About Kulicke and Soffa Industries

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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