Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) was down 3.2% on Wednesday . The stock traded as low as $11.50 and last traded at $12.00, with a volume of 766,556 shares. The stock had previously closed at $12.40.

Several equities research analysts recently weighed in on KLIC shares. B. Riley reaffirmed a “buy” rating and set a $16.00 price objective on shares of Kulicke and Soffa Industries in a research report on Monday, May 9th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, May 6th.

The firm has a market capitalization of $835.39 million and a PE ratio of 21.50. The company has a 50-day moving average of $12.32 and a 200 day moving average of $11.52.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. The business had revenue of $216.40 million for the quarter, compared to analysts’ expectations of $200.76 million. During the same period in the prior year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, analysts forecast that Kulicke and Soffa Industries Inc. will post $0.73 EPS for the current year.

Several large investors have made changes to their positions in the stock. Matarin Capital Management LLC acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at about $4,651,000. American Capital Management Inc. acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at about $1,437,000. 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 in the last quarter. Finally, 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 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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