Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) – Equities research analysts at DA Davidson lowered their FY2018 earnings estimates for shares of Kulicke and Soffa Industries in a research report issued to clients and investors on Thursday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings of $0.47 per share for the year, down from their prior forecast of $1.65. DA Davidson has a “Buy” rating and a $35.00 price target on the stock.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.28. Kulicke and Soffa Industries had a return on equity of 16.70% and a net margin of 3.10%. The company had revenue of $213.70 million during the quarter, compared to analysts’ expectations of $189.48 million. During the same quarter in the previous year, the firm earned $0.22 EPS. Kulicke and Soffa Industries’s revenue was up 42.8% on a year-over-year basis.

A number of other equities research analysts have also weighed in on the company. BidaskClub upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 19th. Bank of America boosted their price objective on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an “underperform” rating in a research report on Wednesday, November 15th. ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. B. Riley restated a “buy” rating and set a $31.00 price objective on shares of Kulicke and Soffa Industries in a research report on Monday, November 13th. Finally, Zacks Investment Research lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $28.38.

Shares of Kulicke and Soffa Industries (NASDAQ KLIC) traded down $0.54 during mid-day trading on Monday, reaching $22.21. The company had a trading volume of 263,087 shares, compared to its average volume of 621,515. The company has a market cap of $1,493.44, a price-to-earnings ratio of 63.20, a P/E/G ratio of 0.79 and a beta of 1.36. Kulicke and Soffa Industries has a twelve month low of $18.22 and a twelve month high of $28.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.72 and a quick ratio of 5.08.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC grew its position in shares of Kulicke and Soffa Industries by 3.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 29,824 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 1,093 shares during the last quarter. C M Bidwell & Associates Ltd. grew its position in shares of Kulicke and Soffa Industries by 12.7% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 18,120 shares of the semiconductor company’s stock valued at $345,000 after buying an additional 2,045 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Kulicke and Soffa Industries by 43.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 2,731 shares during the last quarter. Tygh Capital Management Inc. grew its position in shares of Kulicke and Soffa Industries by 1.9% in the 3rd quarter. Tygh Capital Management Inc. now owns 162,671 shares of the semiconductor company’s stock valued at $3,509,000 after buying an additional 2,988 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in shares of Kulicke and Soffa Industries by 7.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 42,710 shares of the semiconductor company’s stock valued at $812,000 after buying an additional 3,030 shares during the last quarter. Hedge funds and other institutional investors own 84.05% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “DA Davidson Research Analysts Decrease Earnings Estimates for Kulicke and Soffa Industries Inc. (KLIC)” was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.watchlistnews.com/da-davidson-research-analysts-decrease-earnings-estimates-for-kulicke-and-soffa-industries-inc-klic/1850809.html.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

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

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.