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. “
Several other equities research analysts also recently issued reports on KLIC. BidaskClub upgraded shares of Kulicke and Soffa Industries from a strong sell rating to a sell rating in a research note on Friday, June 7th. ValuEngine upgraded shares of Kulicke and Soffa Industries from a hold rating to a buy rating in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $28.40.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $115.90 million during the quarter, compared to analyst estimates of $118.42 million. Kulicke and Soffa Industries had a return on equity of 12.85% and a net margin of 12.91%. The company’s revenue was down 47.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. On average, sell-side analysts anticipate that Kulicke and Soffa Industries will post 0.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.25%. Kulicke and Soffa Industries’s payout ratio is 19.75%.
In related news, Director Peter T. M. Kong acquired 10,000 shares of the stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $19.37 per share, for a total transaction of $193,700.00. Following the completion of the purchase, the director now owns 64,690 shares in the company, valued at approximately $1,253,045.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of KLIC. SEI Investments Co raised its holdings in Kulicke and Soffa Industries by 309.2% during the 1st quarter. SEI Investments Co now owns 63,511 shares of the semiconductor company’s stock worth $1,404,000 after purchasing an additional 47,991 shares during the last quarter. Wellington Management Group LLP raised its holdings in Kulicke and Soffa Industries by 0.4% during the 1st quarter. Wellington Management Group LLP now owns 2,072,305 shares of the semiconductor company’s stock worth $45,819,000 after purchasing an additional 8,497 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in Kulicke and Soffa Industries by 376.2% during the 1st quarter. Pinebridge Investments L.P. now owns 80,662 shares of the semiconductor company’s stock worth $1,783,000 after purchasing an additional 63,724 shares during the last quarter. Geode Capital Management LLC raised its holdings in Kulicke and Soffa Industries by 0.3% during the 1st quarter. Geode Capital Management LLC now owns 550,123 shares of the semiconductor company’s stock worth $12,163,000 after purchasing an additional 1,684 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its holdings in Kulicke and Soffa Industries by 4.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 113,108 shares of the semiconductor company’s stock worth $2,501,000 after purchasing an additional 4,580 shares during the last quarter. Hedge funds and other institutional investors own 89.73% of the company’s stock.
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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