Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) issued its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. Kulicke and Soffa Industries had a net margin of 7.76% and a return on equity of 6.04%. The firm earned $145.80 million during the quarter, compared to analysts’ expectations of $140.09 million. During the same quarter in the prior year, the business earned $0.13 EPS.

Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) opened at 14.02 on Tuesday. Kulicke and Soffa Industries has a 1-year low of $9.57 and a 1-year high of $14.20. The stock has a 50 day moving average of $13.21 and a 200 day moving average of $12.50. The firm has a market cap of $987.02 million, a PE ratio of 21.37 and a beta of 1.23.

Earnings History for Kulicke and Soffa Industries (NASDAQ:KLIC)

In related news, Director Brian R. Bachman sold 2,442 shares of Kulicke and Soffa Industries stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $14.00, for a total value of $34,188.00. Following the completion of the sale, the director now owns 29,899 shares in the company, valued at $418,586. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yih-Neng Lee sold 5,883 shares of Kulicke and Soffa Industries stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $12.89, for a total transaction of $75,831.87. Following the completion of the sale, the insider now owns 51,365 shares of the company’s stock, valued at approximately $662,094.85. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. BlackRock Fund Advisors raised its stake in shares of Kulicke and Soffa Industries by 5.1% in the second quarter. BlackRock Fund Advisors now owns 2,933,958 shares of the company’s stock worth $35,706,000 after buying an additional 141,664 shares during the period. Vanguard Group Inc. raised its stake in Kulicke and Soffa Industries by 0.5% in the second quarter. Vanguard Group Inc. now owns 1,636,314 shares of the company’s stock valued at $19,915,000 after buying an additional 7,965 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Kulicke and Soffa Industries by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,151,728 shares of the company’s stock valued at $14,017,000 after buying an additional 26,730 shares during the last quarter. Morgan Stanley raised its stake in Kulicke and Soffa Industries by 6.0% in the third quarter. Morgan Stanley now owns 616,505 shares of the company’s stock valued at $7,971,000 after buying an additional 34,669 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Kulicke and Soffa Industries by 2.8% in the third quarter. Principal Financial Group Inc. now owns 512,207 shares of the company’s stock valued at $6,623,000 after buying an additional 14,097 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Several analysts have recently commented on the stock. B. Riley restated a “buy” rating and issued a $16.00 target price on shares of Kulicke and Soffa Industries in a research note on Thursday, August 4th. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 6th.

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.

5 Day Chart for NASDAQ:KLIC

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