BidaskClub upgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a sell rating to a hold rating in a research note published on Friday, BidAskClub reports.

A number of other research firms have also weighed in on KLIC. Zacks Investment Research lowered shares of Kulicke and Soffa Industries from a hold rating to a sell rating in a report on Tuesday, May 7th. ValuEngine raised shares of Kulicke and Soffa Industries from a hold rating to a buy rating in a report on Tuesday, June 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $28.40.

KLIC opened at $22.43 on Friday. Kulicke and Soffa Industries has a fifty-two week low of $17.40 and a fifty-two week high of $28.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.35 and a current ratio of 7.19. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 3.17 and a beta of 1.27.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 27th. Kulicke and Soffa Industries’s payout ratio is 19.75%.

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong bought 10,000 shares of Kulicke and Soffa Industries stock in a transaction 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 acquisition, the director now directly 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 SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Kulicke and Soffa Industries by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 4,282,897 shares of the semiconductor company’s stock valued at $94,696,000 after purchasing an additional 99,817 shares during the last quarter. Norges Bank bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at $31,408,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Kulicke and Soffa Industries by 11.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,457,161 shares of the semiconductor company’s stock valued at $29,537,000 after purchasing an additional 155,193 shares during the last quarter. ARGA Investment Management LP bought a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at $21,649,000. Finally, TD Asset Management Inc. boosted its stake in shares of Kulicke and Soffa Industries by 13.2% in the 1st quarter. TD Asset Management Inc. now owns 649,400 shares of the semiconductor company’s stock valued at $14,358,000 after purchasing an additional 75,600 shares during the last quarter. 89.73% 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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