Equities research analysts forecast that Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) will report earnings per share (EPS) of $0.38 for the current quarter, according to Zacks. Two analysts have provided estimates for Kulicke and Soffa Industries’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.42. Kulicke and Soffa Industries posted earnings of $0.15 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 153.3%. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 21st.

On average, analysts expect that Kulicke and Soffa Industries will report full year earnings of $1.38 per share for the current year. For the next year, analysts expect that the business will report earnings of $1.59 per share, with EPS estimates ranging from $1.50 to $1.67. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Kulicke and Soffa Industries.

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

Several equities analysts have commented on KLIC shares. BidaskClub downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. B. Riley reiterated a “buy” rating and issued a $31.00 target price on shares of Kulicke and Soffa Industries in a report on Tuesday, August 8th. Zacks Investment Research cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $26.50.

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its holdings 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 purchasing an additional 2,935 shares during the period. Creative Planning increased its holdings in shares of Kulicke and Soffa Industries by 9.1% in the second quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 617 shares during the period. Advisor Group Inc. increased its holdings in shares of Kulicke and Soffa Industries by 11,247.9% in the second quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 7,986 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 802 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Kulicke and Soffa Industries by 6.2% in the second quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock valued at $173,000 after purchasing an additional 532 shares during the period. Institutional investors own 84.87% of the company’s stock.

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Shares of Kulicke and Soffa Industries (NASDAQ KLIC) traded up 0.68% on Thursday, hitting $22.05. 115,961 shares of the stock traded hands. The firm has a market cap of $1.57 billion, a PE ratio of 18.33 and a beta of 1.33. The firm has a 50 day moving average price of $20.03 and a 200 day moving average price of $20.63. Kulicke and Soffa Industries has a 52-week low of $12.64 and a 52-week high of $23.00.

Kulicke and Soffa Industries announced that its board has approved a share repurchase plan on Tuesday, August 15th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to purchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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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