Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 987,583 shares, a growth of 32.3% from the February 15th total of 746,506 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 608,480 shares, the short-interest ratio is currently 1.6 days.
Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) opened at $25.45 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.08 and a current ratio of 5.72. Kulicke and Soffa Industries has a 12 month low of $18.22 and a 12 month high of $28.71. The company has a market cap of $1,761.76, a P/E ratio of 70.70, a price-to-earnings-growth ratio of 0.93 and a beta of 1.30.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.26 by $0.28. Kulicke and Soffa Industries had a net margin of 3.10% and a return on equity of 16.70%. The business had revenue of $213.70 million during the quarter, compared to analysts’ expectations of $189.48 million. During the same period in the previous year, the business posted $0.22 EPS. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. equities research analysts predict that Kulicke and Soffa Industries will post 2.23 earnings per share for the current year.
KLIC has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. DA Davidson lifted their target price on shares of Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. B. Riley restated a “buy” rating and set a $34.00 price objective on shares of Kulicke and Soffa Industries in a research note on Monday, November 27th. Finally, Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.38.
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About Kulicke and Soffa Industries
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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