Kulicke and Soffa Industries (KLIC) Stock Rating Upgraded by BidaskClub

Kulicke and Soffa Industries (NASDAQ:KLIC) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday, January 6th.

A number of other analysts also recently weighed in on KLIC. B. Riley restated a “buy” rating and issued a $34.00 target price on shares of Kulicke and Soffa Industries in a report on Monday, November 27th. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. DA Davidson upped their price target on shares of Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, Bank of America upped their price target on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $29.13.

Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) traded up $0.37 during midday trading on Friday, reaching $23.38. 1,351,461 shares of the company’s stock were exchanged, compared to its average volume of 561,189. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.15 and a current ratio of 4.76. The company has a market cap of $1,643.66, a P/E ratio of 14.99, a P/E/G ratio of 1.15 and a beta of 1.39. Kulicke and Soffa Industries has a one year low of $18.22 and a one year high of $28.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.28. The company had revenue of $213.70 million for the quarter, compared to the consensus estimate of $189.48 million. Kulicke and Soffa Industries had a net margin of 13.85% and a return on equity of 14.54%. Kulicke and Soffa Industries’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. equities analysts anticipate that Kulicke and Soffa Industries will post 1.69 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its position in 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 during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Kulicke and Soffa Industries by 3.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 31,070 shares of the semiconductor company’s stock worth $591,000 after purchasing an additional 960 shares during the period. Virtu KCG Holdings LLC lifted its position in shares of Kulicke and Soffa Industries by 3.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 29,824 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 1,093 shares during the period. Citigroup Inc. lifted its position in shares of Kulicke and Soffa Industries by 1.8% in the 2nd quarter. Citigroup Inc. now owns 67,495 shares of the semiconductor company’s stock worth $1,284,000 after purchasing an additional 1,172 shares during the period. Finally, Cipher Capital LP lifted its position in shares of Kulicke and Soffa Industries by 2.9% in the 2nd quarter. Cipher Capital LP now owns 50,406 shares of the semiconductor company’s stock worth $958,000 after purchasing an additional 1,397 shares during the period. 84.51% of the stock is owned by institutional investors.

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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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