DA Davidson Comments on Kulicke and Soffa Industries Inc.’s FY2018 Earnings (KLIC)

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) – Stock analysts at DA Davidson reduced their FY2018 earnings per share estimates for shares of Kulicke and Soffa Industries in a report issued on Thursday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings of $0.47 per share for the year, down from their previous estimate of $1.65. DA Davidson currently has a “Buy” rating and a $35.00 target price on the stock.

Other analysts have also issued research reports about the stock. B. Riley reiterated a “buy” rating and issued a $31.00 target price on shares of Kulicke and Soffa Industries in a research note on Monday, November 13th. BidaskClub lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, January 31st. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $29.13.

Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) opened at $21.97 on Monday. Kulicke and Soffa Industries has a one year low of $18.22 and a one year high of $28.71. The company has a quick ratio of 5.08, a current ratio of 5.72 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1,551.34, a price-to-earnings ratio of 10.77, a PEG ratio of 1.66 and a beta of 1.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.28. Kulicke and Soffa Industries had a net margin of 3.10% and a return on equity of 16.70%. The firm had revenue of $213.70 million during the quarter, compared to analyst estimates of $189.48 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue was up 42.8% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently bought and sold shares of KLIC. Whale Rock Capital Management LLC bought a new position in Kulicke and Soffa Industries during the third quarter valued at about $61,608,000. State of New Jersey Common Pension Fund D grew its position in Kulicke and Soffa Industries by 60.0% during 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 buying an additional 600,000 shares during the period. Royce & Associates LP grew its position in Kulicke and Soffa Industries by 17.5% during the third quarter. Royce & Associates LP now owns 2,946,089 shares of the semiconductor company’s stock valued at $63,547,000 after buying an additional 438,168 shares during the period. Vanguard Group Inc. grew its position in Kulicke and Soffa Industries by 11.5% during the second quarter. Vanguard Group Inc. now owns 2,033,595 shares of the semiconductor company’s stock valued at $38,679,000 after buying an additional 209,884 shares during the period. Finally, Tocqueville Asset Management L.P. bought a new position in Kulicke and Soffa Industries during the third quarter valued at about $3,751,000. Institutional investors own 84.05% of the company’s stock.

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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.

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

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