Kulicke and Soffa Industries (NASDAQ:KLIC) Given New $47.00 Price Target at B. Riley

Kulicke and Soffa Industries (NASDAQ:KLIC) had its price objective decreased by B. Riley from $54.00 to $47.00 in a research note issued to investors on Friday morning, Benzinga reports. B. Riley currently has a neutral rating on the semiconductor company’s stock. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q3 2024 earnings at $0.30 EPS, Q4 2024 earnings at $0.41 EPS, FY2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.61 EPS and FY2025 earnings at $1.69 EPS.

A number of other brokerages have also recently weighed in on KLIC. TheStreet cut shares of Kulicke and Soffa Industries from a b- rating to a c rating in a research report on Wednesday, January 31st. Needham & Company LLC reaffirmed a hold rating on shares of Kulicke and Soffa Industries in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of Hold and an average target price of $59.00.

Kulicke and Soffa Industries Trading Up 1.0 %

Shares of Kulicke and Soffa Industries stock opened at $47.49 on Friday. The stock has a market capitalization of $2.63 billion, a P/E ratio of -39.91 and a beta of 1.48. The business’s fifty day moving average price is $48.15 and its 200 day moving average price is $49.28. Kulicke and Soffa Industries has a twelve month low of $40.20 and a twelve month high of $60.20.

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

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 25th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.68%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -67.23%.

Insider Activity

In other news, SVP Robert Nestor Chylak sold 8,771 shares of the company’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 directly owns 24,240 shares in the company, valued at $1,187,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Kulicke and Soffa Industries by 29.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 272 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in Kulicke and Soffa Industries by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,941 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Kulicke and Soffa Industries by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 353 shares during the period. CWM LLC raised its holdings in shares of Kulicke and Soffa Industries by 53.4% during the first quarter. CWM LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 416 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Kulicke and Soffa Industries by 340.8% during the fourth 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 period. 98.22% 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 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.