Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) issued its earnings results on Tuesday. The semiconductor company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.15, RTT News reports. The company had revenue of $215.89 million during the quarter, compared to the consensus estimate of $208.20 million. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. Kulicke and Soffa Industries’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share.
Kulicke and Soffa Industries (NASDAQ KLIC) traded up $4.83 during trading hours on Wednesday, hitting $28.52. 3,460,700 shares of the stock were exchanged, compared to its average volume of 532,825. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.20 and a current ratio of 4.83. Kulicke and Soffa Industries has a 12 month low of $14.25 and a 12 month high of $28.71. The company has a market cap of $1,684.31, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.11 and a beta of 1.34.
Several research analysts have issued reports on KLIC shares. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, September 6th. BidaskClub cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. B. Riley reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Kulicke and Soffa Industries in a research note on Monday. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Bank of America Corporation increased 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. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Kulicke and Soffa Industries has a consensus rating of “Hold” and a consensus price target of $26.63.
Kulicke and Soffa Industries announced that its board has approved a share buyback plan on Tuesday, August 15th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is 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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