Analysts forecast that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will announce earnings of $0.66 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Kulicke and Soffa Industries’ earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.69. Kulicke and Soffa Industries reported earnings per share of $0.62 during the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Kulicke and Soffa Industries will report full year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.09. For the next fiscal year, analysts forecast that the business will post earnings of $2.24 per share, with EPS estimates ranging from $2.08 to $2.53. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Kulicke and Soffa Industries.
Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Thursday, May 31st. The semiconductor company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.03). The firm had revenue of $221.77 million for the quarter, compared to the consensus estimate of $221.80 million. Kulicke and Soffa Industries had a return on equity of 17.55% and a net margin of 3.84%.
KLIC has been the topic of a number of recent analyst reports. Cowen initiated coverage on Kulicke and Soffa Industries in a research note on Monday, May 14th. They issued a “market perform” rating and a $25.00 price objective on the stock. BidaskClub lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 24th. Zacks Investment Research lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 17th. Finally, B. Riley lifted their price objective on Kulicke and Soffa Industries from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, June 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.70.
Shares of Kulicke and Soffa Industries stock traded down $0.30 during midday trading on Thursday, reaching $23.46. The company had a trading volume of 51,992 shares, compared to its average volume of 693,996. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.32 and a quick ratio of 4.68. The firm has a market cap of $1.62 billion, a P/E ratio of 15.14, a P/E/G ratio of 0.95 and a beta of 1.22. Kulicke and Soffa Industries has a fifty-two week low of $18.22 and a fifty-two week high of $28.71.
In related news, Director Gregory F. Milzcik acquired 4,185 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The shares were bought at an average cost of $23.81 per share, with a total value of $99,644.85. Following the completion of the purchase, the director now directly owns 52,807 shares in the company, valued at $1,257,334.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 1,000 shares of company stock worth $25,552. 1.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in Kulicke and Soffa Industries by 71.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 2,449 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in shares of Kulicke and Soffa Industries during the first quarter valued at approximately $150,000. Allianz Asset Management GmbH bought a new stake in shares of Kulicke and Soffa Industries during the first quarter valued at approximately $204,000. Element Capital Management LLC bought a new stake in shares of Kulicke and Soffa Industries during the first quarter valued at approximately $208,000. Finally, LS Investment Advisors LLC increased its holdings in shares of Kulicke and Soffa Industries by 247.1% during the fourth quarter. LS Investment Advisors LLC now owns 8,536 shares of the semiconductor company’s stock valued at $208,000 after acquiring an additional 6,077 shares in the last quarter. 84.76% 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 to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
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