Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

A number of other analysts also recently issued reports on KLIC. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. B. Riley reissued a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $28.50.

Shares of Kulicke and Soffa Industries (NASDAQ KLIC) traded up 1.31% during midday trading on Friday, hitting $19.28. The stock had a trading volume of 313,964 shares. The firm has a 50 day moving average price of $20.19 and a 200-day moving average price of $20.64. Kulicke and Soffa Industries has a 52-week low of $11.29 and a 52-week high of $23.00. The stock has a market cap of $1.37 billion, a PE ratio of 16.03 and a beta of 1.25.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.21. The company had revenue of $243.90 million during the quarter, compared to the consensus estimate of $245.02 million. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. Kulicke and Soffa Industries’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities analysts predict that Kulicke and Soffa Industries will post $1.40 EPS for the current fiscal year.

Kulicke and Soffa Industries announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 15th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Kulicke and Soffa Industries by 0.3% in the second quarter. Arizona State Retirement System now owns 37,063 shares of the semiconductor company’s stock worth $705,000 after buying an additional 100 shares in the last quarter. Geneva Advisors LLC increased its stake in shares of Kulicke and Soffa Industries by 0.4% in the second quarter. Geneva Advisors LLC now owns 28,457 shares of the semiconductor company’s stock valued at $541,000 after buying an additional 112 shares during the period. Aperio Group LLC increased its stake in shares of Kulicke and Soffa Industries by 0.9% in the second quarter. Aperio Group LLC now owns 20,973 shares of the semiconductor company’s stock valued at $399,000 after buying an additional 180 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Kulicke and Soffa Industries by 1.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 207 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of 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 valued at $159,000 after buying an additional 210 shares during the period. 84.85% of the stock is currently owned by hedge funds and other 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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