Kulicke and Soffa Industries (NASDAQ:KLIC) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts also recently issued reports about the stock. B. Riley reiterated a “buy” rating and issued a $34.00 target price on shares of Kulicke and Soffa Industries in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, September 6th. DA Davidson raised their target price on shares of Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Bank of America raised their target price on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $27.38.

Shares of Kulicke and Soffa Industries (NASDAQ KLIC) opened at $24.65 on Tuesday. Kulicke and Soffa Industries has a one year low of $15.84 and a one year high of $28.71. The stock has a market cap of $1,746.03, a PE ratio of 14.13, a P/E/G ratio of 1.22 and a beta of 1.38. The company has a quick ratio of 4.15, a current ratio of 4.76 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.15. Kulicke and Soffa Industries had a net margin of 13.85% and a return on equity of 14.54%. The business had revenue of $215.89 million during the quarter, compared to the consensus estimate of $208.20 million. During the same period last year, the business posted $0.15 EPS. Kulicke and Soffa Industries’s revenue was up 48.0% on a year-over-year basis. equities analysts predict that Kulicke and Soffa Industries will post 1.69 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System raised its holdings in Kulicke and Soffa Industries by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 37,063 shares of the semiconductor company’s stock valued at $705,000 after acquiring an additional 100 shares during the period. Geneva Advisors LLC raised its holdings in Kulicke and Soffa Industries by 0.4% in the 2nd quarter. Geneva Advisors LLC now owns 28,457 shares of the semiconductor company’s stock valued at $541,000 after acquiring an additional 112 shares during the period. Aperio Group LLC raised its holdings in Kulicke and Soffa Industries by 0.9% in the 2nd quarter. Aperio Group LLC now owns 20,973 shares of the semiconductor company’s stock valued at $399,000 after acquiring an additional 180 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Kulicke and Soffa Industries by 1.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 207 shares during the period. Finally, Bank of Montreal Can raised its holdings in Kulicke and Soffa Industries by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock valued at $173,000 after acquiring an additional 532 shares during the period. 85.44% of the stock is currently owned by hedge funds and other institutional investors.

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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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