Somewhat Favorable News Coverage Somewhat Unlikely to Affect Kulicke and Soffa Industries (NASDAQ:KLIC) Share Price
News coverage about Kulicke and Soffa Industries (NASDAQ:KLIC) has been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kulicke and Soffa Industries earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 47.1943820771773 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
KLIC has been the topic of several recent research reports. BidaskClub lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, May 3rd. B. Riley restated a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a research report on Thursday, June 29th. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $28.50.
Kulicke and Soffa Industries (NASDAQ:KLIC) opened at 19.16 on Friday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 15.93 and a beta of 1.25. The firm has a 50-day moving average of $20.68 and a 200 day moving average of $20.65. Kulicke and Soffa Industries has a 52-week low of $11.29 and a 52-week high of $23.00.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.21. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The business had revenue of $243.90 million for the quarter, compared to analyst estimates of $245.02 million. During the same period in the prior year, the business posted $0.45 earnings per share. Kulicke and Soffa Industries’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts forecast that Kulicke and Soffa Industries will post $1.38 earnings per share for the current year.
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Kulicke and Soffa Industries Company Profile
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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