Brokerages Anticipate Kulicke and Soffa Industries Inc. (KLIC) Will Post Quarterly Sales of $210.00 Million

Wall Street brokerages expect Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) to report $210.00 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Kulicke and Soffa Industries’ earnings. Kulicke and Soffa Industries posted sales of $199.61 million in the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that Kulicke and Soffa Industries will report full year sales of $210.00 million for the current financial year, with estimates ranging from $898.80 million to $908.70 million. For the next year, analysts forecast that the firm will post sales of $964.60 million per share, with estimates ranging from $964.20 million to $965.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Kulicke and Soffa Industries.

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, topping the consensus estimate of $0.26 by $0.28. The business had revenue of $213.70 million for the quarter, compared to analyst estimates of $189.48 million. Kulicke and Soffa Industries had a return on equity of 16.70% and a net margin of 3.10%. The company’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share.

Several research analysts have issued reports on the company. Bank of America increased their price target on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an “underperform” rating in a report on Wednesday, November 15th. DA Davidson increased their price target on Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. B. Riley reiterated a “buy” rating and issued a $34.00 price target on shares of Kulicke and Soffa Industries in a report on Monday, November 27th. BidaskClub upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 6th. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.38.

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Kulicke and Soffa Industries by 71.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 2,449 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 43.0% in the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after purchasing an additional 2,731 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kulicke and Soffa Industries by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 495,908 shares of the semiconductor company’s stock valued at $12,067,000 after purchasing an additional 2,939 shares in the last quarter. Tygh Capital Management Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 1.9% in the third quarter. Tygh Capital Management Inc. now owns 162,671 shares of the semiconductor company’s stock valued at $3,509,000 after purchasing an additional 2,988 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Kulicke and Soffa Industries by 10.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 32,304 shares of the semiconductor company’s stock valued at $614,000 after purchasing an additional 3,117 shares in the last quarter. Institutional investors own 82.84% of the company’s stock.

Kulicke and Soffa Industries (NASDAQ KLIC) opened at $22.02 on Friday. The stock has a market capitalization of $1,573.94, a P/E ratio of 61.17, a price-to-earnings-growth ratio of 0.83 and a beta of 1.36. The company has a quick ratio of 5.08, a current ratio of 5.72 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries has a fifty-two week low of $18.22 and a fifty-two week high of $28.71.

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Kulicke and Soffa Industries Company Profile

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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