Analysts expect Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) to announce sales of $242.60 million for the current quarter, according to Zacks. Two analysts have provided estimates for Kulicke and Soffa Industries’ earnings, with estimates ranging from $240.20 million to $245.00 million. Kulicke and Soffa Industries reported sales of $216.41 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, August 2nd.

According to Zacks, analysts expect that Kulicke and Soffa Industries will report full-year sales of $242.60 million for the current fiscal year. For the next financial year, analysts anticipate that the company will report sales of $804.80 million per share, with estimates ranging from $800.00 million to $809.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Kulicke and Soffa Industries.

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

KLIC has been the topic of a number of analyst reports. B. Riley restated a “buy” rating and issued a $31.00 price objective on shares of Kulicke and Soffa Industries in a research report on Tuesday. BidaskClub cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. 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 on the stock in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $28.50.

Kulicke and Soffa Industries (NASDAQ KLIC) traded up 4.77% during mid-day trading on Friday, reaching $19.97. The company had a trading volume of 1,065,107 shares. The firm has a 50-day moving average price of $21.32 and a 200 day moving average price of $19.75. Kulicke and Soffa Industries has a 12-month low of $11.29 and a 12-month high of $23.00. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 16.37 and a beta of 1.24.

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Several institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in Kulicke and Soffa Industries by 95.9% in the first quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock worth $122,000 after buying an additional 2,935 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Kulicke and Soffa Industries by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,634 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,482 shares during the last quarter. Creative Planning boosted its position in Kulicke and Soffa Industries by 9.7% in the first quarter. Creative Planning now owns 6,765 shares of the semiconductor company’s stock worth $137,000 after buying an additional 600 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Kulicke and Soffa Industries by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 7,830 shares of the semiconductor company’s stock worth $159,000 after buying an additional 210 shares during the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in Kulicke and Soffa Industries during the fourth quarter worth about $165,000. Hedge funds and other institutional investors own 94.24% of the company’s stock.

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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Earnings History and Estimates for Kulicke and Soffa Industries (NASDAQ:KLIC)

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