DA Davidson Issues Pessimistic Forecast for Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Price

Kulicke and Soffa Industries (NASDAQ:KLIC) had its target price cut by DA Davidson from $65.00 to $60.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock. DA Davidson also issued estimates for Kulicke and Soffa Industries’ FY2025 earnings at $1.32 EPS.

Other equities analysts also recently issued research reports about the stock. TD Cowen lifted their target price on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday. Craig Hallum cut their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Needham & Company LLC upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Hold” and an average target price of $52.40.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock traded up $0.58 during trading on Friday, reaching $46.19. 1,366,997 shares of the company’s stock were exchanged, compared to its average volume of 500,819. The company has a market cap of $2.52 billion, a P/E ratio of -37.55 and a beta of 1.38. The firm’s 50-day moving average price is $44.27 and its 200 day moving average price is $45.36. Kulicke and Soffa Industries has a 1-year low of $38.20 and a 1-year high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, November 13th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 0.90% and a negative net margin of 9.77%. The business had revenue of $181.30 million for the quarter, compared to the consensus estimate of $180.03 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. Kulicke and Soffa Industries’s quarterly revenue was down 10.4% on a year-over-year basis. As a group, equities research analysts predict that Kulicke and Soffa Industries will post 1.46 EPS for the current year.

Kulicke and Soffa Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be issued a $0.205 dividend. The ex-dividend date is Thursday, December 19th. This represents a $0.82 annualized dividend and a dividend yield of 1.78%. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. Kulicke and Soffa Industries’s payout ratio is presently -65.04%.

Kulicke and Soffa Industries announced that its board has approved a share repurchase program on Wednesday, November 13th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Kulicke and Soffa Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its position in Kulicke and Soffa Industries by 127.2% in the 3rd quarter. Creative Planning now owns 25,864 shares of the semiconductor company’s stock worth $1,167,000 after purchasing an additional 14,480 shares during the period. Copeland Capital Management LLC boosted its position in Kulicke and Soffa Industries by 22.0% during the third quarter. Copeland Capital Management LLC now owns 1,469,516 shares of the semiconductor company’s stock valued at $66,319,000 after purchasing an additional 264,638 shares in the last quarter. Signaturefd LLC grew its holdings in 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 purchasing an additional 543 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Kulicke and Soffa Industries by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 671,675 shares of the semiconductor company’s stock valued at $33,040,000 after buying an additional 73,243 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Kulicke and Soffa Industries by 156.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 35,958 shares of the semiconductor company’s stock valued at $1,623,000 after purchasing an additional 21,946 shares during the last quarter. Institutional investors 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.