Kulicke and Soffa Industries (KLIC) Upgraded at BidaskClub

BidaskClub upgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

A number of other brokerages have also commented on KLIC. DA Davidson upped their price objective on Kulicke and Soffa Industries to $35.00 and gave the company a buy rating in a report on Wednesday, November 15th. Zacks Investment Research lowered Kulicke and Soffa Industries from a buy rating to a hold rating in a report on Tuesday, September 26th. ValuEngine raised Kulicke and Soffa Industries from a buy rating to a strong-buy rating in a report on Sunday, December 31st. B. Riley reissued a buy rating and set a $31.00 target price on shares of Kulicke and Soffa Industries in a report on Monday, November 13th. Finally, Bank of America increased their target price on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an underperform rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $27.38.

Kulicke and Soffa Industries (NASDAQ KLIC) opened at $25.13 on Friday. The company has a quick ratio of 4.15, a current ratio of 4.76 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries has a 1-year low of $16.26 and a 1-year high of $28.71. The company has a market capitalization of $1,780.00, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.15. Kulicke and Soffa Industries had a return on equity of 15.13% and a net margin of 16.85%. The firm had revenue of $215.89 million for the quarter, compared to analyst estimates of $208.20 million. During the same period in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 48.0% on a year-over-year basis. equities research analysts predict that Kulicke and Soffa Industries will post 1.69 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Kulicke and Soffa Industries by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,993,880 shares of the semiconductor company’s stock worth $129,288,000 after purchasing an additional 22,569 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Kulicke and Soffa Industries by 17.5% during the 3rd quarter. Royce & Associates LP now owns 2,946,089 shares of the semiconductor company’s stock worth $63,547,000 after purchasing an additional 438,168 shares in the last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter worth $61,608,000. Vanguard Group Inc. grew its holdings 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 worth $38,679,000 after purchasing an additional 209,884 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings 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 worth $32,448,000 after purchasing an additional 121,410 shares in the last quarter. 85.44% of the stock is currently owned by 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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