BidaskClub upgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a hold rating to a buy rating in a research report released on Thursday morning, BidAskClub reports.

Other research analysts have also issued reports about the company. ValuEngine raised Kulicke and Soffa Industries from a buy rating to a strong-buy rating in a research report on Wednesday, September 4th. DA Davidson lowered Kulicke and Soffa Industries from a buy rating to a neutral rating and decreased their target price for the company from $30.00 to $26.00 in a research report on Monday, July 8th. Finally, Zacks Investment Research lowered Kulicke and Soffa Industries from a hold rating to a sell rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $26.50.

KLIC stock opened at $22.90 on Thursday. The stock has a 50-day moving average price of $21.31 and a 200-day moving average price of $21.99. Kulicke and Soffa Industries has a 1-year low of $17.40 and a 1-year high of $25.61. The company has a current ratio of 4.85, a quick ratio of 4.33 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.45 billion, a PE ratio of 9.42 and a beta of 1.35.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Friday, September 27th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, September 26th. Kulicke and Soffa Industries’s payout ratio is 19.75%.

A number of institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in 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 buying an additional 99,817 shares in the last quarter. Invesco Ltd. increased its position in Kulicke and Soffa Industries by 2.7% in the 2nd quarter. Invesco Ltd. now owns 1,835,064 shares of the semiconductor company’s stock valued at $41,381,000 after buying an additional 48,804 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in Kulicke and Soffa Industries in the 2nd quarter valued at about $36,170,000. ARGA Investment Management LP increased its position in Kulicke and Soffa Industries by 32.1% in the 2nd quarter. ARGA Investment Management LP now owns 1,293,378 shares of the semiconductor company’s stock valued at $29,166,000 after buying an additional 314,209 shares in the last quarter. Finally, TD Asset Management Inc. increased its holdings in Kulicke and Soffa Industries by 13.2% during the 1st quarter. TD Asset Management Inc. now owns 649,400 shares of the semiconductor company’s stock worth $14,358,000 after purchasing an additional 75,600 shares in the last quarter. 91.78% of the stock is owned by institutional investors and hedge funds.

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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