Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Rating Reaffirmed by Needham & Company LLC

Kulicke and Soffa Industries (NASDAQ:KLIC)‘s stock had its “hold” rating restated by equities researchers at Needham & Company LLC in a research report issued on Friday, Benzinga reports.

Separately, TheStreet cut shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $59.00.

Kulicke and Soffa Industries Trading Up 2.1 %

Shares of KLIC stock opened at $47.00 on Friday. Kulicke and Soffa Industries has a 1 year low of $40.20 and a 1 year high of $60.20. The firm’s 50 day moving average is $48.18 and its 200-day moving average is $49.22.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($1.19). The company had revenue of $172.10 million during the quarter, compared to the consensus estimate of $170.20 million. Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. Equities research analysts anticipate that Kulicke and Soffa Industries will post 1.2 earnings per share for the current fiscal year.

Insider Transactions at Kulicke and Soffa Industries

In related news, SVP Robert Nestor Chylak sold 8,771 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total value of $429,515.87. Following the completion of the transaction, the senior vice president now owns 24,240 shares of the company’s stock, valued at $1,187,032.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Institutional Trading of Kulicke and Soffa Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. SRS Capital Advisors Inc. increased its position in shares of Kulicke and Soffa Industries by 340.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 443 shares during the last quarter. Principal Securities Inc. acquired a new position in Kulicke and Soffa Industries during the fourth quarter worth $33,000. Blue Trust Inc. raised its position in Kulicke and Soffa Industries by 224.6% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 465 shares in the last quarter. CWM LLC raised its position in Kulicke and Soffa Industries by 120.7% during the fourth quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 426 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Kulicke and Soffa Industries in the fourth quarter valued at $40,000. Institutional investors own 98.22% of the company’s stock.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.