Wall Street brokerages expect Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) to report earnings per share of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Kulicke and Soffa Industries’ earnings, with estimates ranging from $0.31 to $0.36. Kulicke and Soffa Industries reported earnings per share of $0.51 in the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The business is expected to issue its next quarterly earnings report on Tuesday, November 13th.

According to Zacks, analysts expect that Kulicke and Soffa Industries will report full-year earnings of $2.27 per share for the current year, with EPS estimates ranging from $2.26 to $2.27. For the next financial year, analysts anticipate that the company will report earnings of $2.31 per share, with EPS estimates ranging from $2.00 to $2.60. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 1st. The semiconductor company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.23. The company had revenue of $268.83 million for the quarter, compared to analysts’ expectations of $260.42 million. Kulicke and Soffa Industries had a return on equity of 19.51% and a net margin of 6.93%. Kulicke and Soffa Industries’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share.

Several analysts have issued reports on the company. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Saturday, July 21st. B. Riley increased their target price on Kulicke and Soffa Industries from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, June 1st. BidaskClub cut Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Kulicke and Soffa Industries currently has a consensus rating of “Hold” and an average price target of $29.70.

NASDAQ KLIC traded down $0.29 during midday trading on Friday, hitting $24.53. 9,335 shares of the company traded hands, compared to its average volume of 693,745. The company has a current ratio of 5.02, a quick ratio of 4.42 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.68 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17. Kulicke and Soffa Industries has a 52 week low of $18.63 and a 52 week high of $28.71.

Kulicke and Soffa Industries announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 10th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

In other news, Director Brian R. Bachman sold 2,200 shares of the firm’s stock in a transaction on Friday, July 13th. The stock was sold at an average price of $28.00, for a total value of $61,600.00. Following the completion of the sale, the director now owns 17,928 shares of the company’s stock, valued at approximately $501,984. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Deepak Sood sold 20,000 shares of the firm’s stock in a transaction on Friday, July 13th. The stock was sold at an average price of $28.00, for a total value of $560,000.00. Following the completion of the sale, the vice president now directly owns 87,235 shares of the company’s stock, valued at approximately $2,442,580. The disclosure for this sale can be found here. Insiders have sold a total of 22,900 shares of company stock worth $639,000 in the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Kulicke and Soffa Industries by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 926,149 shares of the semiconductor company’s stock worth $22,061,000 after acquiring an additional 14,033 shares during the last quarter. Verition Fund Management LLC raised its stake in Kulicke and Soffa Industries by 45.3% in the 2nd quarter. Verition Fund Management LLC now owns 12,466 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 3,885 shares during the last quarter. California Public Employees Retirement System raised its stake in Kulicke and Soffa Industries by 1.0% in the 2nd quarter. California Public Employees Retirement System now owns 217,446 shares of the semiconductor company’s stock worth $5,180,000 after acquiring an additional 2,199 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Kulicke and Soffa Industries by 60.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 882,108 shares of the semiconductor company’s stock worth $21,012,000 after acquiring an additional 331,508 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Kulicke and Soffa Industries by 20.2% in the 2nd quarter. Bank of America Corp DE now owns 176,602 shares of the semiconductor company’s stock worth $4,207,000 after acquiring an additional 29,737 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

About Kulicke and Soffa Industries

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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Earnings History and Estimates for Kulicke and Soffa Industries (NASDAQ:KLIC)

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