Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Other research analysts also recently issued reports about the company. B. Riley reaffirmed a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a report on Tuesday, July 4th. ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Kulicke and Soffa Industries currently has a consensus rating of “Buy” and an average target price of $28.50.

Shares of Kulicke and Soffa Industries (KLIC) traded up 0.76% during trading on Wednesday, reaching $22.50. The company’s stock had a trading volume of 425,181 shares. The firm has a market cap of $1.60 billion, a P/E ratio of 18.44 and a beta of 1.24. The stock’s 50 day moving average is $21.00 and its 200 day moving average is $20.21. Kulicke and Soffa Industries has a one year low of $11.29 and a one year high of $23.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, May 3rd. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Kulicke and Soffa Industries had a return on equity of 10.59% and a net margin of 12.19%. The firm had revenue of $199.60 million for the quarter, compared to analysts’ expectations of $190.89 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 27.6% on a year-over-year basis. On average, equities analysts forecast that Kulicke and Soffa Industries will post $1.39 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of KLIC. UBS Group AG increased its position in Kulicke and Soffa Industries by 95.9% in the first quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock worth $122,000 after buying an additional 2,935 shares in the last quarter. Creative Planning increased its position in Kulicke and Soffa Industries by 9.7% in the first quarter. Creative Planning now owns 6,765 shares of the semiconductor company’s stock worth $137,000 after buying an additional 600 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Kulicke and Soffa Industries by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,634 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,482 shares in the last quarter. State of Alaska Department of Revenue increased its position in Kulicke and Soffa Industries by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 7,830 shares of the semiconductor company’s stock worth $159,000 after buying an additional 210 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Kulicke and Soffa Industries by 153.5% in the first quarter. Bank of Montreal Can now owns 8,611 shares of the semiconductor company’s stock worth $175,000 after buying an additional 5,214 shares in the last quarter. 93.50% of the stock is currently 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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