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

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have been given an average recommendation of “Hold” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $80.00.

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

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock traded down $3.35 during trading hours on Friday, hitting $69.07. 697,919 shares of the stock were exchanged, compared to its average volume of 694,490. The stock has a market capitalization of $3.61 billion, a P/E ratio of 31.83 and a beta of 1.65. The business’s 50-day moving average is $82.11 and its two-hundred day moving average is $86.72. Kulicke and Soffa Industries has a 12 month low of $35.02 and a 12 month high of $135.80.

Kulicke and Soffa Industries Dividend Announcement

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

Institutional Investors Weigh In On Kulicke and Soffa Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP increased its holdings in Kulicke and Soffa Industries by 129.5% in the third quarter. Marshall Wace LLP now owns 6,815 shares of the semiconductor company’s stock valued at $642,000 after purchasing an additional 3,845 shares during the last quarter. Caxton Associates LLP boosted its holdings in Kulicke and Soffa Industries by 10.1% during the third quarter. Caxton Associates LLP now owns 23,630 shares of the semiconductor company’s stock worth $2,227,000 after buying an additional 2,164 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Kulicke and Soffa Industries by 67.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 148,637 shares of the semiconductor company’s stock worth $14,009,000 after buying an additional 59,837 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Kulicke and Soffa Industries by 14,025.0% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,260 shares of the semiconductor company’s stock worth $213,000 after buying an additional 2,244 shares during the period. Finally, Polymer Capital Management US LLC acquired a new position in shares of Kulicke and Soffa Industries during the 3rd quarter worth about $283,000. Institutional investors own 98.22% of the company’s stock.

About Kulicke and Soffa Industries

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.