Kulicke and Soffa Industries (NASDAQ:KLIC) Sets New 1-Year Low – What’s Next?

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $29.53 and last traded at $29.55, with a volume of 927727 shares changing hands. The stock had previously closed at $33.87.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KLIC shares. Needham & Company LLC restated a “buy” rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. StockNews.com upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Kulicke and Soffa Industries Stock Performance

The business has a 50 day moving average of $38.57 and a two-hundred day moving average of $43.71. The stock has a market capitalization of $1.55 billion, a PE ratio of 242.67 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. On average, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, March 20th. Kulicke and Soffa Industries’s payout ratio is 683.33%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC acquired a new stake in Kulicke and Soffa Industries during the fourth quarter worth about $37,000. GAMMA Investing LLC grew its stake in shares of Kulicke and Soffa Industries by 61.0% during the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 387 shares during the period. Signaturefd LLC increased its holdings in shares of Kulicke and Soffa Industries by 35.5% during the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 278 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Kulicke and Soffa Industries by 397.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 918 shares during the period. Finally, Menard Financial Group LLC purchased a new stake in Kulicke and Soffa Industries during the fourth quarter worth $54,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

About Kulicke and Soffa Industries

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.