Wall Street analysts expect Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) to announce $0.30 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kulicke and Soffa Industries’ earnings, with estimates ranging from $0.24 to $0.39. Kulicke and Soffa Industries reported earnings per share of $0.22 in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.4%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 1st.

On average, analysts expect that Kulicke and Soffa Industries will report full year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.65 to $1.72. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.98 per share, with EPS estimates ranging from $1.91 to $2.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.15. Kulicke and Soffa Industries had a net margin of 13.85% and a return on equity of 14.54%. The company had revenue of $215.89 million for the quarter, compared to analysts’ expectations of $208.20 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was up 48.0% compared to the same quarter last year.

A number of research analysts have commented on the stock. BidaskClub cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. B. Riley reaffirmed a “buy” rating and issued a $31.00 target price on shares of Kulicke and Soffa Industries in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Bank of America Corporation upped their target price on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a research report on Wednesday, November 15th. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Kulicke and Soffa Industries has a consensus rating of “Hold” and a consensus target price of $26.63.

Large investors have recently modified their holdings of the business. UBS Group AG increased its stake in Kulicke and Soffa Industries by 95.9% during the first quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 2,935 shares during the period. Creative Planning increased its stake in Kulicke and Soffa Industries by 9.1% during the second quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 617 shares during the period. Advisor Group Inc. increased its stake in Kulicke and Soffa Industries by 11,247.9% during the second quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock worth $153,000 after purchasing an additional 7,986 shares during the period. Envestnet Asset Management Inc. increased its stake in Kulicke and Soffa Industries by 43.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock worth $195,000 after purchasing an additional 2,731 shares during the period. Finally, Bank of Montreal Can increased its stake in Kulicke and Soffa Industries by 6.2% during the second quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 532 shares during the period. Institutional investors own 81.19% of the company’s stock.

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Kulicke and Soffa Industries (KLIC) opened at $26.80 on Tuesday. Kulicke and Soffa Industries has a 1 year low of $14.94 and a 1 year high of $28.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.76 and a quick ratio of 4.15. The company has a market cap of $1,890.00, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34.

Kulicke and Soffa Industries announced that its Board of Directors has initiated a share buyback program on Tuesday, August 15th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are 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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