ValuEngine cut shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.

Several other analysts have also issued reports on KLIC. BidaskClub lowered shares of Kulicke and Soffa Industries from a strong-buy rating to a buy rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a hold rating to a buy rating and set a $27.00 price target for the company in a research report on Wednesday, January 31st. Finally, B. Riley restated a buy rating and set a $36.00 price target on shares of Kulicke and Soffa Industries in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $28.38.

Shares of NASDAQ:KLIC opened at $24.57 on Thursday. Kulicke and Soffa Industries has a 52-week low of $18.22 and a 52-week high of $28.71. The firm has a market capitalization of $1,734.94, a P/E ratio of 12.04, a P/E/G ratio of 0.92 and a beta of 1.21. The company has a quick ratio of 5.08, a current ratio of 5.72 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.28. Kulicke and Soffa Industries had a net margin of 3.10% and a return on equity of 16.70%. The company had revenue of $213.70 million during the quarter, compared to analyst estimates of $189.48 million. During the same period in the previous year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. sell-side analysts predict that Kulicke and Soffa Industries will post 2.23 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in Kulicke and Soffa Industries by 71.4% during the fourth quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 2,449 shares during the period. LS Investment Advisors LLC boosted its position in Kulicke and Soffa Industries by 247.1% during the fourth quarter. LS Investment Advisors LLC now owns 8,536 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 6,077 shares during the period. Advisors Preferred LLC purchased a new stake in Kulicke and Soffa Industries during the fourth quarter valued at about $217,000. Envestnet Asset Management Inc. boosted its position in Kulicke and Soffa Industries by 43.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 2,731 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in Kulicke and Soffa Industries during the fourth quarter valued at about $243,000. Institutional investors and hedge funds own 87.09% of the company’s stock.

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Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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