Kulicke and Soffa Industries (NASDAQ:KLIC) Downgraded by StockNews.com to Sell

by · The Cerbat Gem

StockNews.com downgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC – Free Report) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

A number of other research firms also recently commented on KLIC. TD Cowen decreased their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Craig Hallum decreased their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.33.

Read Our Latest Stock Analysis on KLIC

Kulicke and Soffa Industries Stock Down 1.2 %

Shares of KLIC opened at $48.04 on Tuesday. The stock has a 50-day moving average of $43.72 and a two-hundred day moving average of $45.35. Kulicke and Soffa Industries has a one year low of $38.20 and a one year high of $56.71.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 19th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio is currently -76.92%.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new position in shares of Kulicke and Soffa Industries in the 1st quarter valued at $29,000. Advisors Asset Management Inc. boosted its stake in shares of Kulicke and Soffa Industries by 137.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 414 shares in the last quarter. 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 valued at $35,000 after acquiring an additional 543 shares during the period. Blue Trust Inc. increased its stake in shares of Kulicke and Soffa Industries by 17,075.0% in the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $73,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Company Profile

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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.

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