Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives $52.00 Average Target Price from Analysts

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $52.00.

A number of brokerages have weighed in on KLIC. DA Davidson reduced their price target on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. TD Cowen lifted their target price on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Finally, StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th.

Kulicke and Soffa Industries Stock Performance

NASDAQ KLIC opened at $40.58 on Friday. The stock has a 50-day simple moving average of $46.51 and a 200 day simple moving average of $44.99. Kulicke and Soffa Industries has a twelve month low of $38.20 and a twelve month high of $53.71. The stock has a market capitalization of $2.18 billion, a PE ratio of 338.17 and a beta of 1.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 EPS 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%. As a group, equities research analysts forecast that Kulicke and Soffa Industries will post 1.24 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its board has approved a share repurchase program on Wednesday, November 13th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the semiconductor company to repurchase up to 11.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, SVP Robert Nestor Chylak sold 11,391 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $49.52, for a total transaction of $564,082.32. Following the completion of the sale, the senior vice president now owns 20,838 shares in the company, valued at $1,031,897.76. This trade represents a 35.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Chan Pin Chong sold 9,730 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $46.07, for a total transaction of $448,261.10. Following the completion of the transaction, the executive vice president now owns 81,916 shares in the company, valued at approximately $3,773,870.12. This trade represents a 10.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 221,121 shares of company stock worth $10,527,843. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of Kulicke and Soffa Industries

Several hedge funds have recently modified their holdings of KLIC. Advisors Asset Management Inc. raised its holdings in shares of Kulicke and Soffa Industries by 137.5% in the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 414 shares during the last quarter. Signaturefd LLC raised its stake 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 worth $35,000 after acquiring an additional 543 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth approximately $37,000. GAMMA Investing LLC grew its stake in shares of Kulicke and Soffa Industries by 61.0% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 387 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Kulicke and Soffa Industries by 397.4% during the fourth 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 last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Company Profile

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.