Kulicke & Soffa Now Covered by Analysts at B. Riley (KLIC)
Equities researchers at B. Riley began coverage on shares of Kulicke & Soffa (NASDAQ:KLIC) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $14.50 price target on the stock. B. Riley’s target price would suggest a potential upside of 25.32% from the stock’s previous close.
Kulicke & Soffa (NASDAQ:KLIC) traded up 2.66% on Wednesday, hitting $11.57. The stock had a trading volume of 534,473 shares. Kulicke & Soffa has a one year low of $10.08 and a one year high of $13.70. The stock’s 50-day moving average is $11.60 and its 200-day moving average is $12.02. The company has a market cap of $883.9 million and a P/E ratio of 16.08.
Kulicke & Soffa (NASDAQ:KLIC) last issued its quarterly earnings data on Monday, January 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.06. The company had revenue of $79.10 million for the quarter, compared to the consensus estimate of $79.45 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was down 30.6% on a year-over-year basis. On average, analysts predict that Kulicke & Soffa will post $0.78 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Kulicke & Soffa from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $13.30 price target on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $15.45.
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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