News coverage about Kulicke and Soffa Industries (NASDAQ:KLIC) has been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kulicke and Soffa Industries earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 45.671955086803 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Kulicke & Soffa Industries Getting Closer To Key Technical Measure (finance.yahoo.com)
- Contrasting Kulicke and Soffa Industries (KLIC) & Its Competitors (americanbankingnews.com)
- Kulicke and Soffa Industries (KLIC) vs. Its Competitors Critical Review (americanbankingnews.com)
- Stocks With Rising Relative Strength: Kulicke & Soffa Industries (finance.yahoo.com)
- Kulicke and Soffa Industries, Inc. (KLIC) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
A number of equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a research note on Tuesday, July 4th. BidaskClub downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $26.50.
Kulicke and Soffa Industries (NASDAQ:KLIC) traded up 2.40% during trading on Friday, reaching $19.59. The company’s stock had a trading volume of 335,475 shares. Kulicke and Soffa Industries has a one year low of $12.13 and a one year high of $23.00. The firm has a market cap of $1.39 billion, a PE ratio of 16.32 and a beta of 1.27. The company has a 50-day moving average of $19.26 and a 200 day moving average of $20.54.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $243.90 million during the quarter, compared to the consensus estimate of $245.02 million. During the same quarter last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts expect that Kulicke and Soffa Industries will post $1.40 EPS for the current fiscal year.
Kulicke and Soffa Industries declared that its Board of Directors has authorized a share buyback plan on Tuesday, August 15th that allows the company to buyback $100.00 million in 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 usually 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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