Somewhat Positive Press Coverage Somewhat Unlikely to Affect Kulicke and Soffa Industries (KLIC) Stock Price
News coverage about Kulicke and Soffa Industries (NASDAQ:KLIC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kulicke and Soffa Industries earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.584540449795 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several analysts recently weighed in on KLIC shares. BidaskClub cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research upgraded shares of 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. B. Riley reiterated a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, June 29th. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.50.
Shares of Kulicke and Soffa Industries (KLIC) traded up 1.80% during mid-day trading on Wednesday, hitting $19.23. 212,145 shares of the stock were exchanged. The stock’s 50 day moving average is $20.46 and its 200 day moving average is $20.69. The firm has a market cap of $1.37 billion, a P/E ratio of 15.99 and a beta of 1.25. Kulicke and Soffa Industries has a 12 month low of $11.29 and a 12 month high of $23.00.
Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.21. The firm had revenue of $243.90 million for the quarter, compared to the consensus estimate of $245.02 million. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. Analysts expect that Kulicke and Soffa Industries will post $1.40 EPS for the current fiscal year.
Kulicke and Soffa Industries declared that its board has approved a stock buyback program on Tuesday, August 15th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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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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