Kulicke and Soffa Industries (KLIC) Raised to Strong-Buy at ValuEngine

Kulicke and Soffa Industries (NASDAQ:KLIC) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday, December 31st.

Several other research analysts also recently commented on the stock. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. B. Riley reaffirmed a “buy” rating and issued a $34.00 price target on shares of Kulicke and Soffa Industries in a research note on Monday, November 27th. Bank of America raised 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 note on Wednesday, November 15th. DA Davidson raised their price target 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. Finally, Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.38.

Shares of Kulicke and Soffa Industries (KLIC) traded down $0.44 during midday trading on Friday, hitting $24.69. 669,100 shares of the stock traded hands, compared to its average volume of 491,571. The company has a market capitalization of $1,780.00, a P/E ratio of 15.93, a PEG ratio of 1.27 and a beta of 1.38. Kulicke and Soffa Industries has a 52-week low of $16.39 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 released its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.15. The firm had revenue of $215.89 million during 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 firm’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. equities research analysts forecast that Kulicke and Soffa Industries will post 1.69 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in KLIC. Advisor Group Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 11,247.9% in the 2nd quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 7,986 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of 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 buying an additional 532 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 43.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 2,731 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Kulicke and Soffa Industries by 1.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 207 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $292,000. 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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