Q1 2019 Earnings Estimate for Kulicke and Soffa Industries, Inc. Issued By DA Davidson (KLIC)

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Research analysts at DA Davidson decreased their Q1 2019 earnings per share (EPS) estimates for Kulicke and Soffa Industries in a report issued on Wednesday. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.18.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.21. The business had revenue of $243.90 million during the quarter, compared to analysts’ expectations of $245.02 million. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $0.45 earnings per share. COPYRIGHT VIOLATION WARNING: “Q1 2019 Earnings Estimate for Kulicke and Soffa Industries, Inc. Issued By DA Davidson (KLIC)” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.com-unik.info/2017/08/19/q1-2019-earnings-estimate-for-kulicke-and-soffa-industries-inc-issued-by-da-davidson-klic-updated.html.

Several other research analysts have also commented on the stock. B. Riley restated a “buy” rating and issued a $31.00 price objective on shares of Kulicke and Soffa Industries in a report on Tuesday. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Kulicke and Soffa Industries presently has a consensus rating of “Buy” and an average target price of $28.50.

Kulicke and Soffa Industries (NASDAQ KLIC) traded down 2.4048% during midday trading on Monday, reaching $19.5776. 289,709 shares of the company’s stock were exchanged. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 16.2740 and a beta of 1.25. The firm has a 50-day moving average price of $20.96 and a 200 day moving average price of $20.59. Kulicke and Soffa Industries has a 12-month low of $11.29 and a 12-month high of $23.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth $205,000. State Street Corp boosted its stake in Kulicke and Soffa Industries by 27.8% in the fourth quarter. State Street Corp now owns 403,070 shares of the semiconductor company’s stock worth $6,430,000 after buying an additional 87,571 shares during the last quarter. Bank of Montreal Can boosted its stake in Kulicke and Soffa Industries by 153.5% in the first quarter. Bank of Montreal Can now owns 8,611 shares of the semiconductor company’s stock worth $175,000 after buying an additional 5,214 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Kulicke and Soffa Industries by 27.2% in the first quarter. Public Employees Retirement System of Ohio now owns 135,313 shares of the semiconductor company’s stock worth $2,750,000 after buying an additional 28,972 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in Kulicke and Soffa Industries by 171.3% in the first quarter. ClariVest Asset Management LLC now owns 464,701 shares of the semiconductor company’s stock worth $9,442,000 after buying an additional 293,401 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

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.

Earnings History and Estimates for Kulicke and Soffa Industries (NASDAQ:KLIC)

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