Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) to Post Q2 2019 Earnings of $0.52 Per Share, B. Riley Forecasts

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – B. Riley issued their Q2 2019 earnings per share (EPS) estimates for Kulicke and Soffa Industries in a research note issued on Monday, Zacks Investment Research reports. B. Riley analyst C. Ellis expects that the semiconductor company will earn $0.52 per share for the quarter. B. Riley currently has a “Buy” rating and a $34.00 target price on the stock. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q3 2019 earnings at $0.77 EPS and Q4 2019 earnings at $0.35 EPS.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.15. Kulicke and Soffa Industries had a return on equity of 14.54% and a net margin of 13.85%. The firm had revenue of $215.89 million during the quarter, compared to the consensus estimate of $208.20 million. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. BidaskClub cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Bank of America boosted their target price on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a research note on Wednesday, November 15th. Finally, DA Davidson boosted their target price on Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.38.

Kulicke and Soffa Industries (NASDAQ KLIC) traded down $0.75 during midday trading on Tuesday, hitting $24.08. The stock had a trading volume of 1,134,954 shares, compared to its average volume of 881,245. The firm has a market cap of $1,753.09, a PE ratio of 14.19, a P/E/G ratio of 1.09 and a beta of 1.38. Kulicke and Soffa Industries has a one year low of $15.07 and a one year high of $28.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.76 and a quick ratio of 4.15.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Kulicke and Soffa Industries by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 5,993,880 shares of the semiconductor company’s stock worth $129,288,000 after acquiring an additional 22,569 shares in the last quarter. BlackRock Inc. increased its position in Kulicke and Soffa Industries by 909,858.7% during the first quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock worth $112,421,000 after buying an additional 5,531,941 shares during the last quarter. Royce & Associates LP increased its position in Kulicke and Soffa Industries by 17.5% during the third quarter. Royce & Associates LP now owns 2,946,089 shares of the semiconductor company’s stock worth $63,547,000 after buying an additional 438,168 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in Kulicke and Soffa Industries during the third quarter worth approximately $61,608,000. Finally, Vanguard Group Inc. increased its position in Kulicke and Soffa Industries by 11.5% during the second quarter. Vanguard Group Inc. now owns 2,033,595 shares of the semiconductor company’s stock worth $38,679,000 after buying an additional 209,884 shares during the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.

Kulicke and Soffa Industries declared that its board has approved a stock repurchase plan on Tuesday, August 15th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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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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Earnings History and Estimates for Kulicke and Soffa Industries (NASDAQ:KLIC)

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