Kulicke and Soffa Industries, Inc. (KLIC) Receives $26.50 Average Target Price from Analysts

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has earned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $26.50.

A number of analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and set a $31.00 target price on shares of Kulicke and Soffa Industries in a report on Tuesday, July 4th. BidaskClub lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “sell” rating in a report on Wednesday, July 5th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in Kulicke and Soffa Industries by 153.5% during the 1st quarter. Bank of Montreal Can now owns 8,611 shares of the semiconductor company’s stock worth $175,000 after acquiring an additional 5,214 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Kulicke and Soffa Industries by 27.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 135,313 shares of the semiconductor company’s stock worth $2,750,000 after acquiring an additional 28,972 shares during the period. ClariVest Asset Management LLC grew its holdings in Kulicke and Soffa Industries by 171.3% during the 1st quarter. ClariVest Asset Management LLC now owns 464,701 shares of the semiconductor company’s stock worth $9,442,000 after acquiring an additional 293,401 shares during the period. Aperio Group LLC grew its holdings in Kulicke and Soffa Industries by 0.9% during the 2nd quarter. Aperio Group LLC now owns 20,973 shares of the semiconductor company’s stock worth $399,000 after acquiring an additional 180 shares during the period. Finally, Suntrust Banks Inc. grew its holdings in Kulicke and Soffa Industries by 481.1% during the 1st quarter. Suntrust Banks Inc. now owns 65,881 shares of the semiconductor company’s stock worth $1,337,000 after acquiring an additional 54,544 shares during the period. 84.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Kulicke and Soffa Industries (NASDAQ KLIC) traded up 2.14% during trading on Tuesday, reaching $19.54. The company’s stock had a trading volume of 148,134 shares. The company has a market capitalization of $1.39 billion, a P/E ratio of 16.24 and a beta of 1.27. The company’s 50-day moving average is $19.33 and its 200-day moving average is $20.55. Kulicke and Soffa Industries has a 12 month low of $11.85 and a 12 month high of $23.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.21. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The firm had revenue of $243.90 million during the quarter, compared to analysts’ expectations of $245.02 million. During the same quarter in the previous year, the company posted $0.45 EPS. Kulicke and Soffa Industries’s revenue was up 12.7% on a year-over-year basis. On average, analysts forecast that Kulicke and Soffa Industries will post $1.40 EPS for the current fiscal year.

Kulicke and Soffa Industries announced that its board has approved a share repurchase 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 often a sign that the company’s board believes its shares are undervalued.

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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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