In yesterday’s Wall Street session, Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares traded at $51.68, up 6.25% from the previous session.
5 analysts cover Kulicke and Soffa Industries Inc. (NASDAQ:KLIC), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $45.00, we find $57.50. Given the previous closing price of $48.64, this indicates a potential upside of 18.22 percent. KLIC stock price is now 12.69% away from the 50-day moving average and 12.01% away from the 200-day moving average. The market capitalization of the company currently stands at $2.81B.
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The stock has received a hold rating from 3 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $55.00 as their price target over the next twelve months.
With the price target reduced from $80 to $59, B. Riley Securities Downgraded its rating from Buy to Neutral for Kulicke and Soffa Industries Inc. (NASDAQ: KLIC). , while the Needham previously rated the stock as ‘Buy’ on September 24, 2021.
In other news, Chylak Robert Nestor, Senior Vice President sold 3,178 shares of the company’s stock on Dec 13. The stock was sold for $155,655 at an average price of $48.98. Upon completion of the transaction, the Senior Vice President now directly owns 23,693 shares in the company, valued at $1.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 08, President and CEO CHEN FUSEN ERNIE sold 30,997 shares of the business’s stock. A total of $1,471,589 was realized by selling the stock at an average price of $47.48. This leaves the insider owning 944,100 shares of the company worth $48.79 million. Insiders disposed of 124,988 shares of company stock worth roughly $6.46 million over the past 1 year. A total of 3.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KLIC stock. A new stake in Kulicke and Soffa Industries Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $5,492,000. ARGI INVESTMENT SERVICES, LLC invested $3,437,000 in shares of KLIC during the first quarter. In the first quarter, CHURCHILL MANAGEMENT CORP acquired a new stake in Kulicke and Soffa Industries Inc. valued at approximately $2,572,000. VIDENT INVESTMENT ADVISORY, LLC acquired a new stake in KLIC for approximately $2,490,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in KLIC valued at around $1,578,000 in the second quarter.
On Thursday morning Kulicke and Soffa Industries Inc. (NASDAQ: KLIC) stock kicked off with the opening price of $49.10. During the past 12 months, Kulicke and Soffa Industries Inc. has had a low of $35.95 and a high of $62.16. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.40, and a quick ratio of 4.60. The fifty day moving average price for KLIC is $46.05 and a two-hundred day moving average price translates $46.10 for the stock.
The latest earnings results from Kulicke and Soffa Industries Inc. (NASDAQ: KLIC) was released for Jul, 2022. According to the Semiconductor Equipment & Materials Company, earnings per share came in at $2.09, beating analysts’ expectations of $1.59 by 0.5. This compares to $2.09 EPS in the same period last year. The net profit margin was 28.80% and return on equity was 36.50% for KLIC. The company reported revenue of $286.31 million for the quarter, compared to $485.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -41.01 percent. For the current quarter, analysts expect KLIC to generate $277M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/09/2023. Investors who held shares on 12/22/2022 were paid a $0.19 dividend. On an annualized basis, this represents a $0.76 dividend and a 1.47% percent yield. There was an ex-dividend date of 12/21/2022 for this dividend. In terms of dividend payout ratio, KLIC is presently at 9.50%.
Kulicke and Soffa Industries Inc.(KLIC) Company Profile
Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products. It also services, maintains, repairs, and upgrades equipment. The company serves semiconductor device manufacturers, integrated device manufacturers, outsourced semiconductor assembly and test providers, other electronics manufacturers, industrial manufacturers, and automotive electronics suppliers primarily in the United States and the Asia/Pacific region. Kulicke and Soffa Industries, Inc. was founded in 1951 and is headquartered in Singapore.
