Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stock Has Consensus Target Price of $80.00

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $80.00.

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Wednesday, November 4th. Needham & Company LLC raised their price objective on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. B. Riley Financial reduced their target price on Kulicke and Soffa Industries from $86.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 9th. Finally, Zacks Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Several institutional investors have recently modified their holdings of KLIC. BlackRock Inc. acquired a new stake in Kulicke and Soffa Industries during the 2nd quarter worth approximately $1,204,835,000. The Manufacturers Life Insurance Company bought a new position in Kulicke and Soffa Industries in the second quarter valued at approximately $153,050,000. Bank of New York Mellon Corp bought a new position in Kulicke and Soffa Industries in the second quarter valued at approximately $98,778,000. Bessemer Group Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 426.1% in the third quarter. Bessemer Group Inc. now owns 368,325 shares of the semiconductor company’s stock valued at $34,713,000 after buying an additional 298,314 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Kulicke and Soffa Industries in the second quarter valued at approximately $32,721,000. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 4.6%

NASDAQ KLIC traded down $3.35 during trading on Friday, reaching $69.07. 697,919 shares of the stock traded hands, compared to its average volume of 694,490. Kulicke and Soffa Industries has a fifty-two week low of $35.02 and a fifty-two week high of $135.80. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 31.83 and a beta of 1.65. The stock’s 50-day moving average price is $82.11 and its 200 day moving average price is $86.72.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 17th were given a dividend of $0.2050 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.2%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 37.79%.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries develops and supplies equipment and services used to assemble and package semiconductor devices. Its offerings include ball and wedge wire bonders, die-attach and advanced-packaging equipment, as well as related tools, spare parts and support services. Founded in 1951, the company has a long history in semiconductor assembly technology. Its products serve manufacturers in markets including semiconductors, automotive electronics, communications, consumer electronics and industrial applications.