Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Equities research analysts at DA Davidson cut their Q1 2019 EPS estimates for shares of Kulicke and Soffa Industries in a research report issued to clients and investors on Wednesday. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings per share of $0.17 for the quarter, down from their prior estimate of $0.18.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.21. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The firm had revenue of $243.90 million for the quarter, compared to analyst estimates of $245.02 million. During the same period last year, the company earned $0.45 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis.

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Several other research analysts have also weighed in on KLIC. B. Riley reissued a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a research report on Tuesday, July 4th. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Kulicke and Soffa Industries presently has a consensus rating of “Buy” and an average target price of $28.50.

Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) opened at 19.41 on Monday. Kulicke and Soffa Industries has a 52 week low of $11.29 and a 52 week high of $23.00. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 16.13 and a beta of 1.25. The firm has a 50-day moving average price of $20.96 and a 200-day moving average price of $20.59.

A number of hedge funds and other institutional investors have recently bought and sold shares of KLIC. UBS Group AG raised 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 valued at $122,000 after buying an additional 2,935 shares during the last quarter. Creative Planning raised 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 valued at $137,000 after buying an additional 600 shares during the last quarter. State of Alaska Department of Revenue raised 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 valued at $159,000 after buying an additional 210 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Kulicke and Soffa Industries by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 8,436 shares of the semiconductor company’s stock valued at $172,000 after buying an additional 802 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Kulicke and Soffa Industries by 153.5% in the first quarter. Bank of Montreal Can now owns 8,611 shares of the semiconductor company’s stock valued at $175,000 after buying an additional 5,214 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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