Kulicke and Soffa Industries Inc. (KLIC) Lowered to Hold at Standpoint Research
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut Kulicke and Soffa Industries from a hold rating to a sell rating in a research note on Saturday, August 6th. B. Riley reissued a buy rating and issued a $16.00 target price on shares of Kulicke and Soffa Industries in a research note on Tuesday, August 9th.
Kulicke and Soffa Industries (NASDAQ:KLIC) traded up 2.64% during midday trading on Friday, hitting $15.19. The stock had a trading volume of 237,797 shares. The stock has a 50-day moving average of $13.45 and a 200-day moving average of $12.59. The firm has a market cap of $1.07 billion, a P/E ratio of 23.16 and a beta of 1.23. Kulicke and Soffa Industries has a 52 week low of $9.63 and a 52 week high of $15.37.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Kulicke and Soffa Industries had a return on equity of 6.04% and a net margin of 7.51%. The business earned $145.80 million during the quarter, compared to analysts’ expectations of $140.09 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. Analysts forecast that Kulicke and Soffa Industries will post $0.87 EPS for the current fiscal year.
In other news, insider Fusen Ernie Chen acquired 20,500 shares of Kulicke and Soffa Industries stock in a transaction dated Friday, November 18th. The stock was bought at an average cost of $15.31 per share, with a total value of $313,855.00. Following the completion of the transaction, the insider now directly owns 166,263 shares of the company’s stock, valued at $2,545,486.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian R. Bachman sold 2,442 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $14.00, for a total value of $34,188.00. Following the transaction, the director now directly owns 29,899 shares of the company’s stock, valued at $418,586. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of KLIC. BlackRock Group LTD boosted its position in Kulicke and Soffa Industries by 6.7% in the first quarter. BlackRock Group LTD now owns 94,756 shares of the company’s stock valued at $1,073,000 after buying an additional 5,986 shares in the last quarter. BlackRock Fund Advisors raised its stake in Kulicke and Soffa Industries by 3.0% in the first quarter. BlackRock Fund Advisors now owns 2,792,294 shares of the company’s stock valued at $31,609,000 after buying an additional 81,458 shares during the last quarter. Renaissance Technologies LLC raised its stake in Kulicke and Soffa Industries by 12.0% in the first quarter. Renaissance Technologies LLC now owns 2,312,828 shares of the company’s stock valued at $26,181,000 after buying an additional 247,500 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Kulicke and Soffa Industries by 41.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 246,183 shares of the company’s stock valued at $2,787,000 after buying an additional 71,909 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in Kulicke and Soffa Industries during the first quarter valued at about $1,149,000. 83.31% of the stock is owned by institutional investors.
Kulicke and Soffa Industries Company Profile
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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