Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) saw strong trading volume on Monday . 232,956 shares changed hands during trading, a decline of 13% from the previous session’s volume of 267,950 shares.The stock last traded at $12.37 and had previously closed at $12.16.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. B. Riley reaffirmed a “buy” rating and issued a $16.00 target price on shares of Kulicke and Soffa Industries in a research note on Monday, May 9th.

The stock’s 50 day moving average price is $12.21 and its 200-day moving average price is $11.34. The company has a market cap of $873.39 million and a PE ratio of 22.48.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm earned $156.40 million during the quarter, compared to analyst estimates of $135 million. Kulicke and Soffa Industries’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. On average, equities research analysts forecast that Kulicke and Soffa Industries Inc. will post $0.73 earnings per share for the current year.

Several large investors have recently made changes to their positions in KLIC. American Capital Management Inc. purchased a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $1,437,000. Numeric Investors LLC raised its stake in shares of Kulicke and Soffa Industries by 175.7% in the fourth quarter. Numeric Investors LLC now owns 138,400 shares of the company’s stock valued at $1,615,000 after buying an additional 88,200 shares during the last quarter. Russell Frank Co raised its stake in shares of Kulicke and Soffa Industries by 4,356.4% in the fourth quarter. Russell Frank Co now owns 160,430 shares of the company’s stock valued at $1,931,000 after buying an additional 156,830 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Kulicke and Soffa Industries by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 253,570 shares of the company’s stock valued at $2,959,000 after buying an additional 5,300 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Kulicke and Soffa Industries by 46.7% in the fourth quarter. Morgan Stanley now owns 312,505 shares of the company’s stock valued at $3,647,000 after buying an additional 99,501 shares during the last quarter.

Kulicke and Soffa Industries, Inc (K&S), designs, manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits (IC), high and low powered discrete devices, light-emitting diodes (LEDs), and power modules. The Company also service, maintain, repair and upgrade its equipment.

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