Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has received a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $31.00.

Several equities analysts recently commented on the company. BidaskClub upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. ValuEngine upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, May 3rd. Finally, B. Riley reiterated a “buy” rating and issued a $29.50 price objective on shares of Kulicke and Soffa Industries in a research report on Tuesday, May 9th.

Institutional investors have recently modified their holdings of the stock. UBS Group AG increased its position in shares of 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 valued at $122,000 after buying an additional 2,935 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of 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 valued at $123,000 after buying an additional 1,482 shares during the last quarter. Creative Planning increased its position in shares of Kulicke and Soffa Industries by 9.7% in the first quarter. Creative Planning now owns 6,765 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 600 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of 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 valued at $159,000 after buying an additional 210 shares during the last quarter. Finally, Tudor Investment Corp Et Al acquired a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at about $165,000. Hedge funds and other institutional investors own 93.69% of the company’s stock.

Shares of Kulicke and Soffa Industries (KLIC) traded up 0.72% during midday trading on Monday, reaching $22.27. The company’s stock had a trading volume of 291,045 shares. Kulicke and Soffa Industries has a 52-week low of $11.29 and a 52-week high of $23.00. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 18.25 and a beta of 1.24. The stock has a 50 day moving average price of $21.01 and a 200-day moving average price of $20.24.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, May 3rd. The semiconductor company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ 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 revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. Equities research analysts expect that Kulicke and Soffa Industries will post $1.39 EPS for the current year.

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Kulicke and Soffa Industries Company Profile

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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