Kulicke and Soffa Industries Inc. (KLIC) Short Interest Update

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,879,239 shares, an increase of 44.1% from the January 15th total of 1,304,090 shares. Based on an average daily volume of 673,745 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.9% of the company’s stock are short sold.

KLIC has been the topic of a number of recent research reports. ValuEngine cut shares of Kulicke and Soffa Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, November 15th. B. Riley cut their target price on shares of Kulicke and Soffa Industries from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Cowen reaffirmed a “hold” rating and issued a $22.00 target price on shares of Kulicke and Soffa Industries in a report on Monday, February 4th. DA Davidson cut their target price on shares of Kulicke and Soffa Industries to $32.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Finally, Craig Hallum initiated coverage on shares of Kulicke and Soffa Industries in a report on Tuesday, November 20th. They issued a “buy” rating and a $30.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Kulicke and Soffa Industries currently has an average rating of “Hold” and a consensus target price of $28.40.

Shares of Kulicke and Soffa Industries stock opened at $22.11 on Thursday. The firm has a market capitalization of $1.47 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 2.13 and a beta of 1.13. Kulicke and Soffa Industries has a 12 month low of $17.40 and a 12 month high of $28.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.81 and a current ratio of 6.58.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Thursday, January 31st. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $157.21 million for the quarter, compared to analysts’ expectations of $155.00 million. Kulicke and Soffa Industries had a net margin of 16.06% and a return on equity of 16.99%. During the same period in the previous year, the company posted $0.54 EPS. As a group, equities research analysts expect that Kulicke and Soffa Industries will post 0.84 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its Board of Directors has approved a share repurchase plan on Thursday, January 31st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, Director Peter T. M. Kong acquired 5,000 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were bought at an average price of $20.51 per share, with a total value of $102,550.00. Following the completion of the acquisition, the director now owns 51,437 shares in the company, valued at $1,054,972.87. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in KLIC. PEAK6 Investments LLC grew its position in Kulicke and Soffa Industries by 285.6% in the 4th quarter. PEAK6 Investments LLC now owns 10,632 shares of the semiconductor company’s stock valued at $216,000 after buying an additional 7,875 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Kulicke and Soffa Industries by 5.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 87,459 shares of the semiconductor company’s stock valued at $1,636,000 after buying an additional 4,255 shares during the last quarter. Citigroup Inc. grew its position in Kulicke and Soffa Industries by 25.8% in the 4th quarter. Citigroup Inc. now owns 33,685 shares of the semiconductor company’s stock valued at $682,000 after buying an additional 6,908 shares during the last quarter. Advisor Group Inc. grew its position in Kulicke and Soffa Industries by 340.9% in the 4th quarter. Advisor Group Inc. now owns 2,231 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,725 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Kulicke and Soffa Industries by 10.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 14,738 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 1,362 shares during the last quarter. 88.01% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Kulicke and Soffa Industries Inc. (KLIC) Short Interest Update” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://www.com-unik.info/2019/02/14/kulicke-and-soffa-industries-inc-klic-short-interest-update.html.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

Recommended Story: Preferred Stock

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit