Kulicke and Soffa Industries (NASDAQ:KLIC) had its price target lowered by investment analysts at DA Davidson to $32.00 in a research note issued to investors on Tuesday, The Fly reports. The firm currently has a “buy” rating on the semiconductor company’s stock. DA Davidson’s price target would indicate a potential upside of 57.87% from the stock’s previous close. DA Davidson also issued estimates for Kulicke and Soffa Industries’ Q1 2020 earnings at $0.43 EPS.

Several other research analysts also recently commented on the stock. BidaskClub raised shares of Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. ValuEngine downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Craig Hallum started coverage on shares of Kulicke and Soffa Industries in a report on Tuesday. They set a “buy” rating and a $30.00 price objective for the company. Finally, B. Riley increased their price objective on shares of Kulicke and Soffa Industries from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.00.

KLIC opened at $20.27 on Tuesday. Kulicke and Soffa Industries has a 52 week low of $17.40 and a 52 week high of $28.69. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 0.72 and a beta of 1.24. The company has a quick ratio of 4.42, a current ratio of 5.02 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Monday, November 19th. The semiconductor company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. Kulicke and Soffa Industries had a net margin of 6.40% and a return on equity of 19.16%. The business had revenue of $184.82 million during the quarter, compared to the consensus estimate of $185.00 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue was down 14.4% on a year-over-year basis. On average, sell-side analysts forecast that Kulicke and Soffa Industries will post 2.31 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $119,000. Allianz Asset Management GmbH purchased a new stake in shares of Kulicke and Soffa Industries during the 1st quarter valued at about $204,000. Value Holdings Management CO. LLC purchased a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $214,000. Fox Run Management L.L.C. purchased a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter valued at about $260,000. Finally, Wells Fargo & Company MN raised its position in shares of Kulicke and Soffa Industries by 86.1% during the 1st quarter. Wells Fargo & Company MN now owns 10,939 shares of the semiconductor company’s stock valued at $274,000 after buying an additional 5,060 shares in the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

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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