According to Zacks, “Kulicke & Soffa is a leading provider of semiconductor packaging and electronic assembly solutions supporting the global automotive, consumer, communications, computing and industrial segments. As a pioneer in the semiconductor space, K&S has provided customers with market leading packaging solutions for decades. In recent years, K&S has expanded its product offerings through strategic acquisitions and organic development, adding advanced packaging, electronics assembly, wedge bonding and a broader range of expendable tools to its core offerings. Combined with its extensive expertise in process technology and focus on development, K&S is well positioned to help customers meet the challenges of packaging and assembling the next-generation of electronic devices. “
Other analysts have also issued reports about the stock. DA Davidson lowered shares of Kulicke and Soffa Industries from a buy rating to a neutral rating and cut their target price for the stock from $30.00 to $26.00 in a research note on Monday, July 8th. BidaskClub raised Kulicke and Soffa Industries from a sell rating to a hold rating in a report on Thursday, July 18th. Finally, ValuEngine raised Kulicke and Soffa Industries from a hold rating to a buy rating in a report on Tuesday, June 11th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $27.20.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $127.11 million for the quarter, compared to analysts’ expectations of $128.70 million. Kulicke and Soffa Industries had a net margin of 5.96% and a return on equity of 6.21%. The company’s revenue was down 52.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. As a group, equities research analysts expect that Kulicke and Soffa Industries will post 0.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Friday, September 27th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, September 26th. Kulicke and Soffa Industries’s dividend payout ratio is currently 19.75%.
In other news, Director Peter T. M. Kong acquired 10,000 shares of Kulicke and Soffa Industries stock in a transaction dated Monday, May 20th. The shares were acquired at an average cost of $19.37 per share, with a total value of $193,700.00. Following the purchase, the director now directly owns 64,690 shares of the company’s stock, valued at approximately $1,253,045.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $207,000. Atria Investments LLC purchased a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $256,000. Russell Investments Group Ltd. purchased a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $51,000. Synovus Financial Corp raised its holdings in shares of Kulicke and Soffa Industries by 2.7% during the 2nd quarter. Synovus Financial Corp now owns 24,879 shares of the semiconductor company’s stock valued at $562,000 after buying an additional 665 shares during the period. Finally, Arnhold LLC raised its holdings in shares of Kulicke and Soffa Industries by 9.8% during the 2nd quarter. Arnhold LLC now owns 280,000 shares of the semiconductor company’s stock valued at $6,314,000 after buying an additional 25,000 shares during the period. 88.87% of the stock is currently 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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