Kulicke and Soffa Industries (KLIC) Stock Price Down 6.3%

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) shares dropped 6.3% during trading on Thursday . The stock traded as low as $24.22 and last traded at $24.29. Approximately 676,622 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 607,400 shares. The stock had previously closed at $25.91.

KLIC has been the subject of several analyst reports. ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 5th. BidaskClub raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, B. Riley reissued a “buy” rating and issued a $36.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has 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.

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The company has a current ratio of 5.72, a quick ratio of 5.08 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1,715.16, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.91 and a beta of 1.21.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.28. Kulicke and Soffa Industries had a net margin of 3.10% and a return on equity of 16.70%. The company had revenue of $213.70 million during the quarter, compared to the consensus estimate of $189.48 million. During the same period in the previous year, the firm posted $0.22 EPS. The firm’s revenue was up 42.8% compared to the same quarter last year. equities analysts predict that Kulicke and Soffa Industries, Inc. will post 2.23 EPS for the current year.

Hedge funds and other institutional investors 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% during the 4th quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 2,449 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 43.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock worth $195,000 after acquiring an additional 2,731 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Kulicke and Soffa Industries by 247.1% during the 4th quarter. LS Investment Advisors LLC now owns 8,536 shares of the semiconductor company’s stock worth $208,000 after acquiring an additional 6,077 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of Kulicke and Soffa Industries during the 4th quarter worth $217,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Kulicke and Soffa Industries during the 4th quarter worth $243,000. 87.09% 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 to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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