Kulicke and Soffa Industries (KLIC) Raised to Strong-Buy at BidaskClub

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

Several other equities research analysts have also recently commented on the company. Bank of America increased their price objective on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an underperform rating in a research report on Wednesday, November 15th. DA Davidson increased their price objective on Kulicke and Soffa Industries to $35.00 and gave the company a buy rating in a research report on Wednesday, November 15th. B. Riley reaffirmed a buy rating and set a $31.00 price objective on shares of Kulicke and Soffa Industries in a research report on Monday, November 13th. Zacks Investment Research cut Kulicke and Soffa Industries from a buy rating to a hold rating in a research report on Tuesday, September 26th. Finally, ValuEngine raised Kulicke and Soffa Industries from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. 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 stock. Kulicke and Soffa Industries currently has a consensus rating of Buy and an average price target of $27.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) traded up $0.46 during trading on Friday, hitting $25.71. The company had a trading volume of 299,071 shares, compared to its average volume of 493,284. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.76 and a quick ratio of 4.15. Kulicke and Soffa Industries has a 12 month low of $16.14 and a 12 month high of $28.71. The stock has a market capitalization of $1,820.00, a PE ratio of 16.59, a PEG ratio of 1.27 and a beta of 1.38.

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

Hedge funds have recently bought and sold shares of the business. Advisor Group Inc. lifted its holdings in Kulicke and Soffa Industries by 11,247.9% in 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 during the period. Goldman Sachs Group Inc. lifted its holdings in Kulicke and Soffa Industries by 19.6% in the second quarter. Goldman Sachs Group Inc. now owns 289,391 shares of the semiconductor company’s stock valued at $5,504,000 after acquiring an additional 47,363 shares during the period. New Jersey Better Educational Savings Trust lifted its holdings in Kulicke and Soffa Industries by 18.5% in the third quarter. New Jersey Better Educational Savings Trust now owns 32,000 shares of the semiconductor company’s stock valued at $690,000 after acquiring an additional 5,000 shares during the period. Voya Investment Management LLC bought a new position in Kulicke and Soffa Industries in the second quarter valued at about $1,362,000. Finally, Northern Trust Corp lifted its holdings in Kulicke and Soffa Industries by 2.6% in the second quarter. Northern Trust Corp now owns 289,123 shares of the semiconductor company’s stock valued at $5,500,000 after acquiring an additional 7,398 shares during the period. 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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