Press coverage about Kulicke and Soffa Industries (NASDAQ:KLIC) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kulicke and Soffa Industries earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 46.3382329208095 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) traded up 1.97% during mid-day trading on Thursday, reaching $22.23. 232,011 shares of the company’s stock traded hands. The company has a 50 day moving average of $20.87 and a 200 day moving average of $20.77. Kulicke and Soffa Industries has a 12 month low of $13.05 and a 12 month high of $23.00. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 18.48 and a beta of 1.33.
Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.21. The business had revenue of $243.90 million during the quarter, compared to analysts’ expectations of $245.02 million. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. Analysts expect that Kulicke and Soffa Industries will post $1.40 earnings per share for the current fiscal year.
Kulicke and Soffa Industries declared that its board has authorized a share repurchase program on Tuesday, August 15th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Several research analysts recently weighed in on KLIC shares. B. Riley reissued a “buy” rating and set a $31.00 price objective on shares of Kulicke and Soffa Industries in a research note on Tuesday, July 4th. BidaskClub lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, September 6th. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Kulicke and Soffa Industries presently has an average rating of “Buy” and a consensus price target of $26.50.
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About Kulicke and Soffa Industries
Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.
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