Kulicke and Soffa Industries, Inc. (KLIC) Given New $35.00 Price Target at DA Davidson

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) had its price objective upped by research analysts at DA Davidson to $35.00 in a research report issued on Wednesday. The firm presently has a “buy” rating on the semiconductor company’s stock. DA Davidson’s price target indicates a potential upside of 22.72% from the company’s current price.

A number of other research analysts have also issued reports on KLIC. B. Riley restated a “buy” rating and set a $31.00 price objective on shares of Kulicke and Soffa Industries in a research report on Tuesday, August 8th. BidaskClub lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.63.

Kulicke and Soffa Industries (NASDAQ KLIC) traded up $4.83 during trading hours on Wednesday, reaching $28.52. The company had a trading volume of 3,460,700 shares, compared to its average volume of 532,825. Kulicke and Soffa Industries has a twelve month low of $14.25 and a twelve month high of $28.71. The firm 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. The company has a quick ratio of 4.20, a current ratio of 4.83 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.15. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The business had revenue of $215.89 million during the quarter, compared to analyst estimates of $208.20 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. sell-side analysts forecast that Kulicke and Soffa Industries will post 1.38 EPS for the current fiscal year.

Kulicke and Soffa Industries announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 15th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in Kulicke and Soffa Industries by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,993,880 shares of the semiconductor company’s stock valued at $129,288,000 after acquiring an additional 22,569 shares in the last quarter. BlackRock Inc. raised its stake in Kulicke and Soffa Industries by 909,858.7% during the 1st quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock valued at $112,421,000 after acquiring an additional 5,531,941 shares in the last quarter. Royce & Associates LP raised its stake in Kulicke and Soffa Industries by 17.5% during the 3rd quarter. Royce & Associates LP now owns 2,946,089 shares of the semiconductor company’s stock valued at $63,547,000 after acquiring an additional 438,168 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in Kulicke and Soffa Industries during the 3rd quarter valued at $61,608,000. Finally, Vanguard Group Inc. raised its stake in Kulicke and Soffa Industries by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,033,595 shares of the semiconductor company’s stock valued at $38,679,000 after acquiring an additional 209,884 shares in the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

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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