Kulicke and Soffa Industries (NASDAQ:KLIC) Lifted to “Strong-Buy” at BidaskClub

Kulicke and Soffa Industries (NASDAQ:KLIC) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday, December 19th.

Several other equities research analysts have also recently commented on the stock. B. Riley reissued a “buy” rating and set a $34.00 price target on shares of Kulicke and Soffa Industries in a research report on Monday, November 27th. Bank of America boosted their price target on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an “underperform” rating in a research report on Wednesday, November 15th. DA Davidson boosted their price objective on shares of Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research lowered shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Kulicke and Soffa Industries has an average rating of “Buy” and an average price target of $27.38.

Shares of Kulicke and Soffa Industries (KLIC) traded up $0.23 during midday trading on Tuesday, hitting $24.92. 630,587 shares of the stock were exchanged, compared to its average volume of 508,948. The company has a market capitalization of $1,760.00, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.27 and a beta of 1.38. Kulicke and Soffa Industries has a 52 week low of $16.47 and a 52 week high of $28.71. The company has a current ratio of 4.76, a quick ratio of 4.15 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.15. The company had revenue of $215.89 million for the quarter, compared to analysts’ expectations of $208.20 million. Kulicke and Soffa Industries had a net margin of 16.85% and a return on equity of 15.13%. The business’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. analysts forecast that Kulicke and Soffa Industries will post 1.69 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in KLIC. Bank of Montreal Can boosted its holdings in Kulicke and Soffa Industries by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock valued at $173,000 after purchasing an additional 532 shares during the period. Aperio Group LLC lifted its holdings in shares of Kulicke and Soffa Industries by 0.9% during the 2nd quarter. Aperio Group LLC now owns 20,973 shares of the semiconductor company’s stock worth $399,000 after acquiring an additional 180 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Kulicke and Soffa Industries by 2.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 103,019 shares of the semiconductor company’s stock worth $1,958,000 after acquiring an additional 2,900 shares during the period. Sei Investments Co. lifted its stake in Kulicke and Soffa Industries by 10.5% in the 2nd quarter. Sei Investments Co. now owns 46,286 shares of the semiconductor company’s stock valued at $881,000 after purchasing an additional 4,382 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Kulicke and Soffa Industries by 2.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 234,401 shares of the semiconductor company’s stock valued at $4,459,000 after purchasing an additional 6,124 shares during the last quarter. Institutional investors and hedge funds own 85.44% of the company’s stock.

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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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