StockNews.com Downgrades Kulicke and Soffa Industries (NASDAQ:KLIC) to Hold

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities analysts have also weighed in on KLIC. DA Davidson restated a “buy” rating on shares of Kulicke and Soffa Industries in a research note on Wednesday, July 27th. B. Riley cut their target price on Kulicke and Soffa Industries from $59.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries currently has an average rating of “Hold” and an average price target of $79.00.

Kulicke and Soffa Industries Trading Up 1.5 %

Shares of Kulicke and Soffa Industries stock opened at $50.48 on Friday. The firm has a market cap of $2.98 billion, a PE ratio of 6.26 and a beta of 1.35. Kulicke and Soffa Industries has a 12 month low of $37.35 and a 12 month high of $75.29. The stock has a 50 day moving average of $46.48 and a 200 day moving average of $50.49.

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) last announced its earnings results on Wednesday, August 3rd. The semiconductor company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.54. Kulicke and Soffa Industries had a return on equity of 45.67% and a net margin of 29.50%. During the same quarter in the previous year, the firm posted $1.87 EPS. As a group, equities research analysts forecast that Kulicke and Soffa Industries will post 7.22 earnings per share for the current fiscal year.

Insider Activity at Kulicke and Soffa Industries

In other news, SVP Nelson Munpun Wong sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $53.78, for a total value of $268,900.00. Following the completion of the sale, the senior vice president now directly owns 166,167 shares of the company’s stock, valued at approximately $8,936,461.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Institutional Trading of Kulicke and Soffa Industries

Several large investors have recently modified their holdings of the company. Capital International Investors increased its position in shares of Kulicke and Soffa Industries by 15.5% during the 4th quarter. Capital International Investors now owns 7,162,248 shares of the semiconductor company’s stock worth $433,602,000 after purchasing an additional 962,656 shares in the last quarter. American Century Companies Inc. raised its holdings in Kulicke and Soffa Industries by 39.8% during the 1st quarter. American Century Companies Inc. now owns 2,526,371 shares of the semiconductor company’s stock worth $141,527,000 after buying an additional 719,765 shares during the period. Royce & Associates LP raised its holdings in shares of Kulicke and Soffa Industries by 14.2% in the fourth quarter. Royce & Associates LP now owns 2,515,541 shares of the semiconductor company’s stock valued at $152,291,000 after purchasing an additional 313,035 shares during the last quarter. State Street Corp raised its holdings in shares of Kulicke and Soffa Industries by 4.9% in the first quarter. State Street Corp now owns 2,058,052 shares of the semiconductor company’s stock valued at $115,628,000 after purchasing an additional 95,909 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Kulicke and Soffa Industries by 30.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,969,546 shares of the semiconductor company’s stock worth $119,236,000 after buying an additional 455,055 shares during the last quarter. 97.02% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Company Profile

(Get Rating)

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.

See Also

Want More Great Investing Ideas?

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.