Equities research analysts predict that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will announce $155.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kulicke and Soffa Industries’ earnings. Kulicke and Soffa Industries posted sales of $213.69 million in the same quarter last year, which would indicate a negative year over year growth rate of 27.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, January 30th.

On average, analysts expect that Kulicke and Soffa Industries will report full-year sales of $768.10 million for the current financial year, with estimates ranging from $726.20 million to $810.00 million. For the next year, analysts forecast that the business will post sales of $922.90 million, with estimates ranging from $900.00 million to $945.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Monday, November 19th. The semiconductor company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.11. The company had revenue of $184.82 million during the quarter, compared to analysts’ expectations of $185.00 million. Kulicke and Soffa Industries had a return on equity of 19.12% and a net margin of 6.40%. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS.

Several equities research analysts have recently commented on KLIC shares. BidaskClub raised Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, August 15th. ValuEngine lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. B. Riley reduced their price target on Kulicke and Soffa Industries from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Finally, Craig Hallum began coverage on Kulicke and Soffa Industries in a research report on Tuesday, November 20th. They issued a “buy” rating and a $30.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $29.00.

Shares of NASDAQ KLIC traded down $0.46 during midday trading on Friday, hitting $20.33. The stock had a trading volume of 542,100 shares, compared to its average volume of 676,899. The stock has a market capitalization of $1.40 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27. Kulicke and Soffa Industries has a fifty-two week low of $17.40 and a fifty-two week high of $28.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.01 and a current ratio of 5.67.

In related news, Director Peter T. M. Kong purchased 5,000 shares of Kulicke and Soffa Industries stock in a transaction dated Tuesday, November 27th. The shares were acquired at an average cost of $20.51 per share, for a total transaction of $102,550.00. Following the transaction, the director now directly owns 51,437 shares of the company’s stock, valued at $1,054,972.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of KLIC. Principal Financial Group Inc. boosted its position in shares of Kulicke and Soffa Industries by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 543,422 shares of the semiconductor company’s stock worth $13,591,000 after purchasing an additional 12,216 shares during the last quarter. Allianz Asset Management GmbH bought a new position in Kulicke and Soffa Industries during the first quarter worth about $204,000. Xact Kapitalforvaltning AB lifted its holdings in Kulicke and Soffa Industries by 23.5% during the second quarter. Xact Kapitalforvaltning AB now owns 12,074 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 2,300 shares in the last quarter. TD Asset Management Inc. bought a new position in Kulicke and Soffa Industries during the second quarter worth about $7,437,000. Finally, KBC Group NV lifted its holdings in Kulicke and Soffa Industries by 33.7% during the second quarter. KBC Group NV now owns 135,332 shares of the semiconductor company’s stock worth $3,224,000 after acquiring an additional 34,148 shares in the last quarter. Institutional investors and hedge funds own 86.43% 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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