Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $28.13.
A number of equities analysts have recently issued reports on KLIC shares. Cowen started coverage on Kulicke and Soffa Industries in a report on Monday, May 14th. They issued a “market perform” rating and a $25.00 price objective for the company. BidaskClub cut Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 24th. ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, B. Riley restated a “buy” rating and set a $36.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 1st.
Shares of Kulicke and Soffa Industries traded down $0.85, reaching $21.98, during midday trading on Friday, according to MarketBeat Ratings. The stock had a trading volume of 831,680 shares, compared to its average volume of 906,687. Kulicke and Soffa Industries has a 12-month low of $18.22 and a 12-month high of $28.71. 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 stock has a market capitalization of $1.55 billion, a P/E ratio of 14.18, a PEG ratio of 0.81 and a beta of 1.23.
Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Thursday, May 10th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11. Kulicke and Soffa Industries had a return on equity of 16.70% and a net margin of 3.10%. The firm had revenue of $221.80 million during the quarter, compared to analysts’ expectations of $210.01 million. During the same period in the prior year, the business earned $0.40 EPS. equities research analysts predict that Kulicke and Soffa Industries will post 2.27 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in 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 valued at $143,000 after acquiring an additional 2,449 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Kulicke and Soffa Industries during the 1st quarter valued at about $150,000. Allianz Asset Management GmbH purchased a new stake in Kulicke and Soffa Industries during the 1st quarter valued at about $204,000. Element Capital Management LLC purchased a new stake in Kulicke and Soffa Industries during the 1st quarter valued at about $208,000. Finally, LS Investment Advisors LLC boosted its holdings in 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 valued at $208,000 after acquiring an additional 6,077 shares during the period. Institutional investors own 84.83% of the company’s stock.
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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