Kulicke and Soffa Industries Lowered to Neutral at Zacks (KLIC)
Kulicke and Soffa Industries (NASDAQ:KLIC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $16.10 target price on the stock. Zacks‘s price objective would suggest a potential upside of 11.03% from the stock’s previous close.
Kulicke and Soffa Industries (NASDAQ:KLIC) traded up 1.68% during mid-day trading on Tuesday, hitting $14.50. The stock had a trading volume of 585,923 shares. Kulicke and Soffa Industries has a 52 week low of $10.73 and a 52 week high of $15.10. The stock’s 50-day moving average is $14.25 and its 200-day moving average is $12.81. The company has a market cap of $1.110 billion and a P/E ratio of 19.59.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Tuesday, April 29th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.10 earnings per share. Kulicke and Soffa Industries’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that Kulicke and Soffa Industries will post $0.87 earnings per share for the current fiscal year.
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.
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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