Kulicke and Soffa Industries (KLIC) Upgraded to “Strong-Buy” at BidaskClub

Kulicke and Soffa Industries (NASDAQ:KLIC) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other research firms have also weighed in on KLIC. DA Davidson boosted their target price on shares of Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research lowered shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. B. Riley reissued a “buy” rating and set a $31.00 target price on shares of Kulicke and Soffa Industries in a report on Monday, November 13th. Finally, Bank of America boosted their target price on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an “underperform” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Kulicke and Soffa Industries currently has an average rating of “Buy” and an average target price of $27.38.

Kulicke and Soffa Industries (KLIC) traded up $0.46 on Friday, reaching $25.71. 299,071 shares of the company’s stock were exchanged, compared to its average volume of 503,737. Kulicke and Soffa Industries has a 52-week low of $16.14 and a 52-week high of $28.71. The company has a quick ratio of 4.15, a current ratio of 4.76 and a debt-to-equity ratio of 0.02. The company has a market cap of $1,850.00, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results 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 firm had revenue of $215.89 million for the quarter, compared to analyst estimates of $208.20 million. During the same period in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. research analysts expect that Kulicke and Soffa Industries will post 1.69 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its stake in shares of Kulicke and Soffa Industries by 11,247.9% in the 2nd 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 last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Kulicke and Soffa Industries by 43.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after purchasing an additional 2,731 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Kulicke and Soffa Industries by 1.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 207 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Kulicke and Soffa Industries in the 2nd quarter valued at $292,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Kulicke and Soffa Industries in the 3rd quarter valued at $301,000. 85.44% of the stock is currently owned by institutional investors.

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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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