Kulicke and Soffa Industries (KLIC) Downgraded by BidaskClub to “Hold”

Kulicke and Soffa Industries (NASDAQ:KLIC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

KLIC has been the topic of a number of other research reports. Bank of America lifted their price target 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. B. Riley reiterated a “buy” rating and set a $34.00 price target on shares of Kulicke and Soffa Industries in a report on Monday, November 27th. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, DA Davidson lifted their price target on shares of Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $27.38.

Kulicke and Soffa Industries (NASDAQ KLIC) opened at $24.79 on Thursday. The company has a market cap of $1,694.49, a price-to-earnings ratio of 15.89, a PEG ratio of 1.19 and a beta of 1.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.15 and a current ratio of 4.76. Kulicke and Soffa Industries has a fifty-two week low of $17.29 and a fifty-two week high of $28.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.15. The company had revenue of $215.89 million for the quarter, compared to analyst estimates of $208.20 million. Kulicke and Soffa Industries had a net margin of 13.85% and a return on equity of 14.54%. Kulicke and Soffa Industries’s revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. research analysts forecast that Kulicke and Soffa Industries will post 1.69 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in KLIC. Advisor Group Inc. lifted its holdings in 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 buying an additional 7,986 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Kulicke and Soffa Industries by 43.0% in the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 2,731 shares during the period. Fox Run Management L.L.C. acquired a new position in Kulicke and Soffa Industries in the fourth quarter valued at $263,000. Piedmont Investment Advisors LLC acquired a new position in Kulicke and Soffa Industries in the second quarter valued at $292,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Kulicke and Soffa Industries in the third quarter valued at $301,000. Institutional investors and hedge funds own 85.01% of the company’s stock.

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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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