Kulicke and Soffa Industries, Inc. (KLIC) Expected to Announce Quarterly Sales of $206.25 Million

Wall Street analysts expect Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) to post $206.25 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Kulicke and Soffa Industries’ earnings. The highest sales estimate is $207.50 million and the lowest is $205.00 million. Kulicke and Soffa Industries posted sales of $145.84 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 41.4%. The business is expected to report its next quarterly earnings results on Tuesday, November 21st.

According to Zacks, analysts expect that Kulicke and Soffa Industries will report full year sales of $206.25 million for the current financial year, with estimates ranging from $798.10 million to $800.70 million. For the next year, analysts anticipate that the company will post sales of $832.05 million per share, with estimates ranging from $830.00 million to $834.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.21. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The firm had revenue of $243.90 million for the quarter, compared to analyst estimates of $245.02 million. During the same quarter in the prior year, the company earned $0.45 EPS. Kulicke and Soffa Industries’s revenue was up 12.7% on a year-over-year basis.

Several research firms have weighed in on KLIC. B. Riley reiterated a “buy” rating and set a $31.00 price objective on shares of Kulicke and Soffa Industries in a research report on Tuesday, July 4th. BidaskClub cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, September 6th. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.50.

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Kulicke and Soffa Industries (NASDAQ:KLIC) traded up 0.82% during midday trading on Friday, reaching $22.15. The company had a trading volume of 196,883 shares. Kulicke and Soffa Industries has a 52-week low of $12.79 and a 52-week high of $23.00. The company’s 50 day moving average is $20.27 and its 200-day moving average is $20.65. The company has a market capitalization of $1.57 billion, a P/E ratio of 18.41 and a beta of 1.33.

Kulicke and Soffa Industries declared that its board has authorized a stock repurchase program on Tuesday, August 15th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Kulicke and Soffa Industries by 909,858.7% during the 1st quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock worth $112,421,000 after purchasing an additional 5,531,941 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Kulicke and Soffa Industries by 40.3% during the 2nd quarter. Royce & Associates LP now owns 2,507,921 shares of the semiconductor company’s stock valued at $47,701,000 after buying an additional 721,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Kulicke and Soffa Industries by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,033,595 shares of the semiconductor company’s stock valued at $38,679,000 after buying an additional 209,884 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Kulicke and Soffa Industries by 7.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,705,980 shares of the semiconductor company’s stock valued at $32,448,000 after buying an additional 121,410 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Kulicke and Soffa Industries by 28.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,396,391 shares of the semiconductor company’s stock valued at $26,560,000 after buying an additional 308,501 shares during the period. Hedge funds and other institutional investors own 84.87% 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.

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