Kulicke and Soffa Industries (NASDAQ:KLIC) Lowered to “Sell” Rating by StockNews.com

by · The Cerbat Gem

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

KLIC has been the subject of a number of other reports. TD Cowen dropped 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 dropped their price objective on 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.33.

Read Our Latest Stock Analysis on KLIC

Kulicke and Soffa Industries Stock Down 2.6 %

Kulicke and Soffa Industries stock traded down $1.20 on Thursday, hitting $44.86. The company’s stock had a trading volume of 639,285 shares, compared to its average volume of 488,056. Kulicke and Soffa Industries has a one year low of $38.20 and a one year high of $56.71. The firm has a market cap of $2.45 billion, a P/E ratio of -43.13 and a beta of 1.38. The company has a fifty day moving average price of $43.10 and a 200-day moving average price of $45.29.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The business had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $179.28 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts anticipate that Kulicke and Soffa Industries will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Kulicke and Soffa Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in Kulicke and Soffa Industries in the first quarter worth $29,000. Signaturefd LLC raised its holdings in shares of Kulicke and Soffa Industries by 226.3% in the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 543 shares during the last quarter. Blue Trust Inc. lifted its position in Kulicke and Soffa Industries by 17,075.0% during the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after buying an additional 1,366 shares in the last quarter. Innealta Capital LLC bought a new stake in Kulicke and Soffa Industries during the 2nd quarter worth about $73,000. Finally, CWM LLC increased its position in Kulicke and Soffa Industries by 101.8% in the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 970 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

About Kulicke and Soffa Industries

(Get Free Report)

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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