Kulicke and Soffa Industries Inc. (KLIC) Expected to Post Earnings of $0.41 Per Share

Wall Street brokerages forecast that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will report earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kulicke and Soffa Industries’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.45. Kulicke and Soffa Industries posted earnings per share of $0.40 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The company is expected to report its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that Kulicke and Soffa Industries will report full-year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.16 to $2.29. For the next year, analysts anticipate that the business will post earnings of $2.45 per share, with EPS estimates ranging from $2.36 to $2.54. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Kulicke and Soffa Industries.

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 analysts’ consensus estimates of $0.26 by $0.28. Kulicke and Soffa Industries had a return on equity of 16.70% and a net margin of 3.10%. The business had revenue of $213.70 million during the quarter, compared to analysts’ expectations of $189.48 million. During the same period in the prior year, the business earned $0.22 EPS. Kulicke and Soffa Industries’s revenue for the quarter was up 42.8% compared to the same quarter last year.

A number of analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a research note on Monday, November 13th. DA Davidson raised their price target on shares of Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Bank of America raised 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 research note on Wednesday, November 15th. BidaskClub cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Kulicke and Soffa Industries presently has a consensus rating of “Buy” and an average price target of $28.38.

Several institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in shares of Kulicke and Soffa Industries by 71.4% during the 4th quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 2,449 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Kulicke and Soffa Industries by 43.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock worth $195,000 after acquiring an additional 2,731 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Kulicke and Soffa Industries by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 495,908 shares of the semiconductor company’s stock valued at $12,067,000 after buying an additional 2,939 shares in the last quarter. Tygh Capital Management Inc. grew its stake in shares of Kulicke and Soffa Industries by 1.9% in the third quarter. Tygh Capital Management Inc. now owns 162,671 shares of the semiconductor company’s stock valued at $3,509,000 after buying an additional 2,988 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Kulicke and Soffa Industries by 10.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 32,304 shares of the semiconductor company’s stock valued at $614,000 after buying an additional 3,117 shares in the last quarter. 82.84% of the stock is owned by institutional investors.

Shares of Kulicke and Soffa Industries (NASDAQ KLIC) opened at $21.90 on Thursday. Kulicke and Soffa Industries has a 52 week low of $18.22 and a 52 week high of $28.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.08 and a current ratio of 5.72. The stock has a market capitalization of $1,540.00, a P/E ratio of 62.57, a P/E/G ratio of 0.81 and a beta of 1.36.

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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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