Short Interest in Kulicke and Soffa Industries Increases By 30.7% (KLIC)
Kulicke and Soffa Industries (NASDAQ:KLIC) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,119,720 shares, a growth of 30.7% from the April 15th total of 856,971 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 1,167,944 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.5% of the company’s stock are sold short.
KLIC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Kulicke and Soffa Industries from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 1st. They now have a $15.40 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of Kulicke and Soffa Industries from $14.50 to $16.50 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Finally, analysts at B. Riley initiated coverage on shares of Kulicke and Soffa Industries in a research note on Wednesday, February 26th. They set a “buy” rating and a $14.50 price target on the stock.
Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) opened at 13.83 on Tuesday. Kulicke and Soffa Industries has a one year low of $10.44 and a one year high of $14.85. The stock’s 50-day moving average is $13.1 and its 200-day moving average is $12.41. The company has a market cap of $1.059 billion and a P/E ratio of 19.00.
Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings data on Tuesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $114.20 million for the quarter, compared to the consensus estimate of $115.00 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that Kulicke and Soffa Industries will post $0.87 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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