Kulicke and Soffa Industries, Inc. (KLIC) Set to Announce Earnings on Monday
Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) will be issuing its quarterly earnings data before the market opens on Monday, November 13th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.
Kulicke and Soffa Industries, Inc. (NASDAQ KLIC) opened at $23.61 on Friday. The stock has a market capitalization of $1,672.22, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.10 and a beta of 1.34. Kulicke and Soffa Industries, Inc. has a one year low of $13.55 and a one year high of $24.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.20 and a current ratio of 4.83.
Kulicke and Soffa Industries announced that its board has approved a share buyback program on Tuesday, August 15th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
Several analysts recently commented on KLIC shares. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, September 6th. BidaskClub lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. B. Riley reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Kulicke and Soffa Industries in a report on Tuesday, August 8th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.50.
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.
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