Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $28.17.

A number of research analysts have weighed in on KLIC shares. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, September 6th. B. Riley reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Kulicke and Soffa Industries in a report on Monday, November 13th. ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Bank of America Corporation lifted their price objective on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a report on Wednesday, November 15th. Finally, DA Davidson lifted their price objective on shares of Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 15th.

Kulicke and Soffa Industries (NASDAQ KLIC) traded up $0.31 on Friday, reaching $27.87. 739,916 shares of the company’s stock were exchanged, compared to its average volume of 741,369. Kulicke and Soffa Industries has a one year low of $15.07 and a one year high of $28.71. The company has a quick ratio of 4.15, a current ratio of 4.76 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1,967.73, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.15. Kulicke and Soffa Industries had a net margin of 13.85% and a return on equity of 14.54%. The company had revenue of $215.89 million during the quarter, compared to analysts’ expectations of $208.20 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 48.0% on a year-over-year basis. analysts predict that Kulicke and Soffa Industries will post 1.69 earnings per share for the current year.

Kulicke and Soffa Industries declared that its board has authorized a share repurchase plan on Tuesday, August 15th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Hedge funds have recently added to or reduced their stakes in the company. UBS Group AG increased its stake in shares of Kulicke and Soffa Industries by 95.9% during the first quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 2,935 shares in the last quarter. Creative Planning increased its stake in shares of Kulicke and Soffa Industries by 9.1% during the second quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 617 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Kulicke and Soffa Industries by 11,247.9% during the second quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock worth $153,000 after purchasing an additional 7,986 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Kulicke and Soffa Industries by 43.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock worth $195,000 after purchasing an additional 2,731 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Kulicke and Soffa Industries by 6.2% during the second quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 532 shares in the last quarter. 81.19% of the stock is owned by institutional investors and hedge funds.

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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.

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