Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) gapped up before the market opened on Wednesday . The stock had previously closed at $12.55, but opened at $12.56. Kulicke and Soffa Industries shares last traded at $12.63, with a volume of 154,181 shares.

A number of brokerages recently commented on KLIC. Zacks Investment Research cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. B. Riley reaffirmed a “buy” rating and set a $16.00 price objective on shares of Kulicke and Soffa Industries in a research note on Monday, May 9th.

The firm has a market capitalization of $884.65 million and a PE ratio of 22.77. The stock’s 50-day moving average price is $12.24 and its 200-day moving average price is $11.35.

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

Several large investors have modified their holdings of KLIC. Matarin Capital Management LLC acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth $4,651,000. Russell Frank Co increased 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 worth $1,931,000 after buying an additional 156,830 shares in the last quarter. American Capital Management Inc. acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth $1,437,000. Morgan Stanley increased 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 worth $3,647,000 after buying an additional 99,501 shares in the last quarter. Finally, Numeric Investors LLC increased 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 worth $1,615,000 after buying an additional 88,200 shares in 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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