Kulicke and Soffa Industries (KLIC) Stock Price Down 6.3%

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)’s share price fell 6.3% during trading on Thursday . The stock traded as low as $24.22 and last traded at $24.29. 676,622 shares changed hands during trading, an increase of 11% from the average session volume of 607,400 shares. The stock had previously closed at $25.91.

Several research firms have commented on KLIC. ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. BidaskClub raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 31st. Finally, B. Riley reissued a “buy” rating and set a $36.00 target price on shares of Kulicke and Soffa Industries in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Kulicke and Soffa Industries presently has a consensus rating of “Buy” and an average target price of $28.38.

How to Become a New Pot Stock Millionaire

The company has a current ratio of 5.72, a quick ratio of 5.08 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1,857.09, a PE ratio of 15.67, a PEG ratio of 0.98 and a beta of 1.21.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $213.70 million during the quarter, compared to analysts’ expectations of $189.48 million. During the same period in the prior year, the company earned $0.22 earnings per share. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 2.23 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Kulicke and Soffa Industries by 0.7% during the fourth quarter. BlackRock Inc. now owns 5,699,317 shares of the semiconductor company’s stock valued at $138,691,000 after acquiring an additional 39,480 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Kulicke and Soffa Industries by 79.8% during the fourth quarter. Thrivent Financial For Lutherans now owns 129,329 shares of the semiconductor company’s stock valued at $3,148,000 after acquiring an additional 57,419 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Kulicke and Soffa Industries by 61.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the semiconductor company’s stock valued at $550,000 after acquiring an additional 8,620 shares during the period. Koch Industries Inc. bought a new stake in Kulicke and Soffa Industries during the fourth quarter valued at about $267,000. Finally, Fox Run Management L.L.C. bought a new stake in Kulicke and Soffa Industries during the fourth quarter valued at about $263,000. Institutional investors own 87.09% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Kulicke and Soffa Industries (KLIC) Stock Price Down 6.3%” was posted by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://weekherald.com/2018/04/19/kulicke-and-soffa-industries-klic-stock-price-down-6-3.html.

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.

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply