Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $31.00.

Several research firms have commented on KLIC. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, September 6th. BidaskClub lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. B. Riley restated a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a research report on Tuesday, July 4th. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.

Shares of Kulicke and Soffa Industries (KLIC) traded down 1.72% during trading on Wednesday, reaching $22.26. The company had a trading volume of 338,253 shares. Kulicke and Soffa Industries has a 52 week low of $13.08 and a 52 week high of $23.00. The company has a market capitalization of $1.58 billion, a PE ratio of 18.50 and a beta of 1.33. The stock’s 50-day moving average price is $21.28 and its 200-day moving average price is $20.85.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $243.90 million during the quarter, compared to analyst estimates of $245.02 million. During the same period in the previous year, the business earned $0.45 EPS. Kulicke and Soffa Industries’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities analysts expect that Kulicke and Soffa Industries will post $1.40 EPS for the current fiscal year.

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

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings 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 acquiring an additional 5,531,941 shares during the last quarter. Royce & Associates LP lifted its holdings in Kulicke and Soffa Industries by 40.3% in the second quarter. Royce & Associates LP now owns 2,507,921 shares of the semiconductor company’s stock valued at $47,701,000 after acquiring an additional 721,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Kulicke and Soffa Industries by 11.5% in the second quarter. Vanguard Group Inc. now owns 2,033,595 shares of the semiconductor company’s stock valued at $38,679,000 after acquiring an additional 209,884 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Kulicke and Soffa Industries by 7.7% in the second quarter. Alliancebernstein L.P. now owns 1,705,980 shares of the semiconductor company’s stock valued at $32,448,000 after acquiring an additional 121,410 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Kulicke and Soffa Industries by 60.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the semiconductor company’s stock valued at $34,512,000 after acquiring an additional 600,000 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

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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