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

Other research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 31st. Finally, B. Riley restated a “buy” rating and set a $36.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Kulicke and Soffa Industries presently has an average rating of “Buy” and a consensus price target of $28.38.

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Shares of KLIC opened at $26.00 on Tuesday. Kulicke and Soffa Industries has a 12 month low of $18.22 and a 12 month high of $28.71. The firm has a market cap of $1,828.84, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20. The company has a quick ratio of 5.08, a current ratio of 5.72 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.28. Kulicke and Soffa Industries had a net margin of 3.10% and a return on equity of 16.70%. The business had revenue of $213.70 million during the quarter, compared to analysts’ expectations of $189.48 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue was up 42.8% on a year-over-year basis. equities research analysts predict that Kulicke and Soffa Industries will post 2.23 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Kulicke and Soffa Industries by 0.7% in the fourth quarter. BlackRock Inc. now owns 5,699,317 shares of the semiconductor company’s stock valued at $138,691,000 after acquiring an additional 39,480 shares during the last quarter. Royce & Associates LP lifted its stake in Kulicke and Soffa Industries by 23.3% in the fourth quarter. Royce & Associates LP now owns 3,631,996 shares of the semiconductor company’s stock valued at $88,385,000 after acquiring an additional 685,907 shares during the last quarter. LSV Asset Management lifted its stake in Kulicke and Soffa Industries by 2.0% in the fourth quarter. LSV Asset Management now owns 3,587,880 shares of the semiconductor company’s stock valued at $87,311,000 after acquiring an additional 71,300 shares during the last quarter. Whale Rock Capital Management LLC lifted its stake in Kulicke and Soffa Industries by 17.1% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,345,875 shares of the semiconductor company’s stock valued at $81,422,000 after acquiring an additional 489,696 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Kulicke and Soffa Industries by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 2,715,677 shares of the semiconductor company’s stock valued at $66,086,000 after acquiring an additional 62,300 shares during the last quarter. Hedge funds and other institutional investors own 87.09% of the company’s stock.

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Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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