Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) – Analysts at B. Riley decreased their Q2 2020 EPS estimates for Kulicke and Soffa Industries in a research note issued on Wednesday, June 27th. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings of $0.62 per share for the quarter, down from their previous estimate of $0.86. B. Riley has a “Buy” rating and a $36.00 price target on the stock.
KLIC has been the subject of several other research reports. Zacks Investment Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 5th. BidaskClub upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 17th. ValuEngine cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Cowen initiated coverage on Kulicke and Soffa Industries in a research report on Monday, May 14th. They issued a “market perform” rating and a $25.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Kulicke and Soffa Industries currently has a consensus rating of “Hold” and an average price target of $27.70.
Kulicke and Soffa Industries opened at $23.82 on Friday, MarketBeat.com reports. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 0.95 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.32 and a quick ratio of 4.68. Kulicke and Soffa Industries has a 1 year low of $18.22 and a 1 year high of $28.71.
Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, May 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.03). The business had revenue of $221.77 million during the quarter, compared to analysts’ expectations of $221.80 million. Kulicke and Soffa Industries had a return on equity of 17.55% and a net margin of 3.84%.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Thursday, June 28th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, June 27th. Kulicke and Soffa Industries’s dividend payout ratio is currently 30.97%.
In other news, Director Gregory F. Milzcik purchased 4,185 shares of the company’s stock in a transaction dated Tuesday, June 5th. The stock was acquired at an average price of $23.81 per share, for a total transaction of $99,644.85. Following the completion of the transaction, the director now directly owns 52,807 shares in the company, valued at approximately $1,257,334.67. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC purchased a new position in shares of Kulicke and Soffa Industries in the first quarter valued at $114,000. Wells Fargo & Company MN increased its position in shares of Kulicke and Soffa Industries by 71.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 2,449 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Kulicke and Soffa Industries in the first quarter valued at $150,000. Allianz Asset Management GmbH purchased a new position in shares of Kulicke and Soffa Industries in the first quarter valued at $204,000. Finally, Element Capital Management LLC purchased a new position in shares of Kulicke and Soffa Industries in the first quarter valued at $208,000. Institutional investors and hedge funds own 84.66% of the company’s stock.
Kulicke and Soffa Industries Company Profile
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable 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, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
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