Kulicke & Soffa Upgraded to Neutral at Zacks (KLIC)
Kulicke & Soffa (NASDAQ:KLIC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst RN reports. The firm currently has a $13.30 price objective on the stock. Zacks‘ target price would suggest a potential upside of 2.47% from the company’s current price.
Shares of Kulicke & Soffa (NASDAQ:KLIC) traded down 0.15% on Tuesday, hitting $12.96. The stock had a trading volume of 446,039 shares. Kulicke & Soffa has a 52-week low of $10.08 and a 52-week high of $13.70. The stock’s 50-day moving average is $12.62 and its 200-day moving average is $11.93. The company has a market cap of $984.6 million and a price-to-earnings ratio of 16.64.
Kulicke & Soffa (NASDAQ:KLIC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.02. The company had revenue of $173.60 million for the quarter, compared to the consensus estimate of $183.33 million. During the same quarter last year, the company posted $0.89 earnings per share. Kulicke & Soffa’s revenue was down 35.5% compared to the same quarter last year. On average, analysts predict that Kulicke & Soffa will post $0.75 earnings per share for the current fiscal year.
In other Kulicke & Soffa news, Director Steen John O sold 5,000 shares of Kulicke & Soffa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $13.07, for a total value of $65,350.00. Following the completion of the transaction, the director now directly owns 84,787 shares in the company, valued at approximately $1,108,166. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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