Kulicke and Soffa Industries Inc. (KLIC) Receives $29.17 Consensus PT from Brokerages

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $29.17.

Several research firms have weighed in on KLIC. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. B. Riley reiterated a “buy” rating and issued a $34.00 price target on shares of Kulicke and Soffa Industries in a research report on Monday, November 27th. 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. Bank of America increased their price target on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an “underperform” rating in a research report on Wednesday, November 15th. Finally, DA Davidson increased their price target on shares of Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th.

Several hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its stake in Kulicke and Soffa Industries by 11,247.9% during the second quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 7,986 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Kulicke and Soffa Industries by 43.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after acquiring an additional 2,731 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Kulicke and Soffa Industries by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock worth $173,000 after buying an additional 532 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Kulicke and Soffa Industries in the 3rd quarter worth $301,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Kulicke and Soffa Industries in the 3rd quarter worth $324,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.

Shares of Kulicke and Soffa Industries (NASDAQ KLIC) traded down $0.01 during trading on Thursday, reaching $24.34. 160,923 shares of the company were exchanged, compared to its average volume of 751,146. The company has a market capitalization of $1,720.00, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.38. Kulicke and Soffa Industries has a 12 month low of $15.84 and a 12 month high of $28.71. The company has a current ratio of 4.76, a quick ratio of 4.15 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.15. The company had revenue of $215.89 million for the quarter, compared to the consensus estimate of $208.20 million. Kulicke and Soffa Industries had a net margin of 13.85% and a return on equity of 14.54%. The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. equities research analysts predict that Kulicke and Soffa Industries will post 1.69 earnings per share for the current fiscal year.

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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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