Kulicke and Soffa Industries (NASDAQ:KLIC) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, December 19th.
A number of other equities analysts have also recently commented on KLIC. B. Riley reiterated a “buy” rating and issued a $31.00 target price on shares of Kulicke and Soffa Industries in a report on Monday, November 13th. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, September 6th. DA Davidson lifted their target price on Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Bank of America raised their price target on 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $27.38.
Kulicke and Soffa Industries (NASDAQ:KLIC) traded down $0.19 during trading hours on Tuesday, hitting $24.73. The company had a trading volume of 379,367 shares, compared to its average volume of 443,689. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.76 and a quick ratio of 4.15. Kulicke and Soffa Industries has a 12-month low of $16.47 and a 12-month high of $28.71. The stock has a market capitalization of $1,750.00, a PE ratio of 15.95, a P/E/G ratio of 1.27 and a beta of 1.38.
Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping 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 return on equity of 15.13% and a net margin of 16.85%. The firm’s revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. research analysts predict that Kulicke and Soffa Industries will post 1.69 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dalton Greiner Hartman Maher & Co. raised its position in shares of Kulicke and Soffa Industries by 35.0% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 151,495 shares of the semiconductor company’s stock worth $3,687,000 after acquiring an additional 39,315 shares in the last quarter. Atlantic Trust Group LLC bought a new position in shares of Kulicke and Soffa Industries in the 3rd quarter worth $1,261,000. Public Employees Retirement System of Ohio raised its position in shares of Kulicke and Soffa Industries by 19.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 161,439 shares of the semiconductor company’s stock worth $3,482,000 after acquiring an additional 26,126 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in shares of Kulicke and Soffa Industries in the 3rd quarter worth $61,608,000. Finally, Vident Investment Advisory LLC purchased a new position in Kulicke and Soffa Industries during the 3rd quarter worth $3,437,000. 85.44% of the stock is owned by hedge funds and other 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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