Kulicke and Soffa Industries (NASDAQ:KLIC) Price Target Cut to $60.00 by Analysts at DA Davidson

Kulicke and Soffa Industries (NASDAQ:KLIC) had its price target lowered by DA Davidson from $65.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock. DA Davidson also issued estimates for Kulicke and Soffa Industries’ FY2025 earnings at $1.32 EPS.

A number of other research analysts have also recently commented on KLIC. Craig Hallum decreased their target price on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. TD Cowen boosted their target price on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday. StockNews.com lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Needham & Company LLC raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.40.

Kulicke and Soffa Industries Trading Up 1.3 %

Shares of NASDAQ:KLIC traded up $0.58 on Friday, hitting $46.19. 1,366,997 shares of the company were exchanged, compared to its average volume of 500,819. The stock’s 50 day moving average price is $44.27 and its 200 day moving average price is $45.36. Kulicke and Soffa Industries has a 1-year low of $38.20 and a 1-year high of $56.71. The firm has a market capitalization of $2.52 billion, a P/E ratio of -37.55 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, November 13th. The semiconductor company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). Kulicke and Soffa Industries had a negative net margin of 9.77% and a negative return on equity of 0.90%. The firm had revenue of $181.30 million for the quarter, compared to analyst estimates of $180.03 million. During the same quarter in the prior year, the business posted $0.51 EPS. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, equities analysts predict that Kulicke and Soffa Industries will post 1.46 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its board has initiated a share repurchase program on Wednesday, November 13th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 11.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Kulicke and Soffa Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, December 19th. This is a boost from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. Kulicke and Soffa Industries’s payout ratio is -65.04%.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Kulicke and Soffa Industries in the first quarter valued at about $29,000. Advisors Asset Management Inc. lifted its holdings in Kulicke and Soffa Industries by 137.5% in the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 414 shares during the period. Signaturefd LLC grew its position in shares of Kulicke and Soffa Industries by 226.3% during the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock worth $35,000 after buying an additional 543 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Kulicke and Soffa Industries in the third quarter valued at about $53,000. Finally, Blue Trust Inc. raised its holdings in shares of Kulicke and Soffa Industries by 17,075.0% during the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 1,366 shares during the period. 98.22% 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 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.