Kulicke and Soffa Industries (NASDAQ:KLIC) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Other equities research analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Bank of America upped their price target on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a research note on Wednesday, November 15th. Finally, DA Davidson upped their price target on shares of Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.38.

Kulicke and Soffa Industries (KLIC) opened at $23.99 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.15 and a current ratio of 4.76. Kulicke and Soffa Industries has a 12-month low of $15.80 and a 12-month high of $28.71. The firm has a market cap of $1,694.49, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.06 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.15. The company had revenue of $215.89 million for the quarter, compared to the consensus estimate of $208.20 million. Kulicke and Soffa Industries had a net margin of 13.85% and a return on equity of 14.54%. Kulicke and Soffa Industries’s revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. analysts expect that Kulicke and Soffa Industries will post 1.69 EPS for the current year.

Kulicke and Soffa Industries announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 15th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of Kulicke and Soffa Industries by 19.3% in the third quarter. Public Employees Retirement System of Ohio now owns 161,439 shares of the semiconductor company’s stock valued at $3,482,000 after acquiring an additional 26,126 shares during the period. Whale Rock Capital Management LLC purchased a new stake in shares of Kulicke and Soffa Industries in the third quarter valued at $61,608,000. Vident Investment Advisory LLC purchased a new stake in shares of Kulicke and Soffa Industries in the third quarter valued at $3,437,000. Royce & Associates LP raised its stake in shares of Kulicke and Soffa Industries by 17.5% in the third quarter. Royce & Associates LP now owns 2,946,089 shares of the semiconductor company’s stock valued at $63,547,000 after acquiring an additional 438,168 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Kulicke and Soffa Industries by 43.0% in the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after acquiring an additional 2,731 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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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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