Kulicke & Soffa Now Covered by Standpoint Research (KLIC)
Stock analysts at Standpoint Research initiated coverage on shares of Kulicke & Soffa (NASDAQ:KLIC) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $17.00 price target on the stock. Standpoint Research’s price target would indicate a potential upside of 47.31% from the company’s current price.
Separately, analysts at Jefferies Group cut their price target on shares of Kulicke & Soffa (NASDAQ:KLIC) from $18.00 to $17.00 in a research note to investors on Thursday, August 1st.
Shares of Kulicke & Soffa (NASDAQ:KLIC) traded down 0.69% on Monday, hitting $11.46. The stock had a trading volume of 244,143 shares. Kulicke & Soffa has a 52-week low of $9.41 and a 52-week high of $12.95. The stock’s 50-day moving average is $11.36 and its 200-day moving average is $11.31. The company has a market cap of $862.7 million and a price-to-earnings ratio of 9.05.
Kulicke & Soffa (NASDAQ:KLIC) last announced its earnings results on Tuesday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.11. The company had revenue of $141.20 million for the quarter, compared to the consensus estimate of $127.50 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was down 44.7% on a year-over-year basis. Analysts expect that Kulicke & Soffa will post $0.81 EPS for the current fiscal year.
Kulicke and Soffa Industries, Inc (NASDAQ:KLIC) designs, manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits (IC), high and low powered discrete devices, light-emitting diodes (LEDs), and power modules.
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