Equities research analysts expect Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) to announce $240.10 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Kulicke and Soffa Industries’ earnings, with estimates ranging from $240.00 million to $240.20 million. Kulicke and Soffa Industries reported sales of $216.41 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The company is expected to issue its next earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Kulicke and Soffa Industries will report full-year sales of $240.10 million for the current financial year, with estimates ranging from $759.50 million to $764.30 million. For the next year, analysts expect that the company will post sales of $804.80 million per share, with estimates ranging from $800.00 million to $809.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The company had revenue of $199.60 million during the quarter, compared to analysts’ expectations of $190.89 million. Kulicke and Soffa Industries had a net margin of 12.19% and a return on equity of 10.59%. The business’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share.

Several research firms have recently weighed in on KLIC. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. B. Riley reiterated a “buy” rating and issued a $29.50 price objective on shares of Kulicke and Soffa Industries in a research note on Tuesday, May 9th. Finally, Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, May 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $27.75.

Kulicke and Soffa Industries (NASDAQ KLIC) traded down 1.906% on Wednesday, hitting $20.845. 146,591 shares of the stock traded hands. The stock has a 50-day moving average price of $21.87 and a 200 day moving average price of $19.43. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 17.086 and a beta of 1.09. Kulicke and Soffa Industries has a 1-year low of $11.29 and a 1-year high of $23.00.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Kulicke and Soffa Industries by 909,858.7% in the first quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock valued at $112,421,000 after buying an additional 5,531,941 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Kulicke and Soffa Industries during the fourth quarter valued at about $28,281,000. Alliancebernstein L.P. increased its stake in Kulicke and Soffa Industries by 441.6% in the first quarter. Alliancebernstein L.P. now owns 1,584,570 shares of the semiconductor company’s stock valued at $32,198,000 after buying an additional 1,292,007 shares during the last quarter. Norges Bank acquired a new stake in Kulicke and Soffa Industries during the fourth quarter valued at about $19,491,000. Finally, Acadian Asset Management LLC increased its stake in Kulicke and Soffa Industries by 3,279.0% in the first quarter. Acadian Asset Management LLC now owns 1,087,890 shares of the semiconductor company’s stock valued at $22,107,000 after buying an additional 1,055,694 shares during the last quarter. 94.24% of the stock is owned by institutional investors and hedge funds.

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About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

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