Wall Street brokerages expect that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will post earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kulicke and Soffa Industries’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.27. Kulicke and Soffa Industries posted earnings of $0.22 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 18.2%. The business is expected to announce its next quarterly earnings results 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 financial year, with EPS estimates ranging from $1.65 to $1.72. For the next year, analysts anticipate that the firm will post 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 an average based on a survey of sell-side analysts that cover Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share for the quarter, topping 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 analyst estimates of $208.20 million. During the same period in the prior year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 48.0% on a year-over-year basis.

Several brokerages recently issued reports on KLIC. Bank of America lifted their price objective on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a report on Wednesday, November 15th. DA Davidson raised their target price on shares of Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. B. Riley restated a “buy” rating and issued a $34.00 target price on shares of Kulicke and Soffa Industries in a research note on Monday, November 27th. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $27.38.

Shares of Kulicke and Soffa Industries (NASDAQ KLIC) traded down $0.22 during trading hours on Friday, hitting $24.14. 274,607 shares of the stock were exchanged, compared to its average volume of 551,828. The stock has a market capitalization of $1,730.00, a price-to-earnings ratio of 13.71, a PEG ratio of 1.05 and a beta of 1.38. Kulicke and Soffa Industries has a fifty-two week low of $15.80 and a fifty-two week high of $28.71. The company has a current ratio of 4.76, a quick ratio of 4.15 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 15th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased its holdings 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 in the last quarter. Creative Planning increased its stake in shares of 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 in the last quarter. Advisor Group Inc. increased its stake in shares of 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 in the last quarter. Bank of Montreal Can increased its stake in shares of 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of 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 in the last quarter. 85.82% of the stock is owned by institutional investors.

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

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