Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) – Analysts at B. Riley reduced their Q4 2019 EPS estimates for shares of Kulicke and Soffa Industries in a research report issued to clients and investors on Tuesday, November 20th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.48. B. Riley currently has a “Buy” rating and a $28.00 price target on the stock. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q1 2020 earnings at $0.50 EPS, FY2020 earnings at $2.47 EPS and FY2021 earnings at $3.31 EPS.

Other analysts have also issued reports about the stock. DA Davidson dropped their target price on shares of Kulicke and Soffa Industries to $32.00 and set a “buy” rating for the company in a report on Tuesday. Craig Hallum initiated coverage on shares of Kulicke and Soffa Industries in a report on Tuesday. They set a “buy” rating and a $30.00 target price for the company. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, August 15th. BidaskClub lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, ValuEngine lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $29.00.

Kulicke and Soffa Industries stock opened at $20.27 on Wednesday. The company has a quick ratio of 4.42, a current ratio of 5.02 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.34 billion, a PE ratio of 8.34, a PEG ratio of 0.72 and a beta of 1.24. Kulicke and Soffa Industries has a 1-year low of $17.40 and a 1-year high of $28.69.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Monday, November 19th. The semiconductor company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.11. The company had revenue of $184.82 million during the quarter, compared to analyst estimates of $185.00 million. Kulicke and Soffa Industries had a net margin of 6.40% and a return on equity of 19.16%. Kulicke and Soffa Industries’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of KLIC. Itau Unibanco Holding S.A. purchased a new stake in Kulicke and Soffa Industries in the second quarter worth about $119,000. Allianz Asset Management GmbH purchased a new stake in Kulicke and Soffa Industries in the first quarter worth about $204,000. Value Holdings Management CO. LLC purchased a new stake in Kulicke and Soffa Industries in the second quarter worth about $214,000. Fox Run Management L.L.C. purchased a new stake in Kulicke and Soffa Industries in the third quarter worth about $260,000. Finally, Wells Fargo & Company MN lifted its holdings in Kulicke and Soffa Industries by 86.1% in the first quarter. Wells Fargo & Company MN now owns 10,939 shares of the semiconductor company’s stock worth $274,000 after buying an additional 5,060 shares during the period. Institutional investors and hedge funds own 82.32% of the company’s stock.

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

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