Kulicke and Soffa Industries (NASDAQ:KLIC) had its price objective hoisted by investment analysts at Cowen from $23.00 to $25.00 in a note issued to investors on Friday, Briefing.com Automated Import reports. The brokerage currently has a “market perform” rating on the semiconductor company’s stock. Cowen’s target price suggests a potential upside of 3.52% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. B. Riley reiterated a “buy” rating and set a $32.00 price objective on shares of Kulicke and Soffa Industries in a research report on Monday, November 11th. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, ValuEngine cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Kulicke and Soffa Industries presently has a consensus rating of “Hold” and an average price target of $28.25.

KLIC stock traded down $1.02 during mid-day trading on Friday, reaching $24.15. 1,234,500 shares of the stock traded hands, compared to its average volume of 305,085. Kulicke and Soffa Industries has a 52 week low of $17.40 and a 52 week high of $26.95. The company has a quick ratio of 4.33, a current ratio of 4.85 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average of $23.83 and a two-hundred day moving average of $22.16. The firm has a market capitalization of $1.60 billion, a PE ratio of 52.50 and a beta of 1.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Thursday, November 14th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. Kulicke and Soffa Industries had a net margin of 2.16% and a return on equity of 3.66%. The company had revenue of $139.80 million during the quarter, compared to analysts’ expectations of $140.11 million. During the same period in the prior year, the company posted $0.45 earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was down 24.4% compared to the same quarter last year. On average, equities research analysts anticipate that Kulicke and Soffa Industries will post 1.21 EPS for the current fiscal year.

In related news, Director Brian R. Bachman sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the transaction, the director now directly owns 23,293 shares of the company’s stock, valued at $582,325. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its stake in Kulicke and Soffa Industries by 1.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 26,515 shares of the semiconductor company’s stock worth $598,000 after buying an additional 500 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Kulicke and Soffa Industries by 2.2% during the third quarter. Commonwealth Equity Services LLC now owns 27,359 shares of the semiconductor company’s stock worth $642,000 after purchasing an additional 581 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Kulicke and Soffa Industries by 2.7% during the second quarter. Synovus Financial Corp now owns 24,879 shares of the semiconductor company’s stock worth $562,000 after purchasing an additional 665 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Kulicke and Soffa Industries by 0.7% in the third quarter. Rhumbline Advisers now owns 107,065 shares of the semiconductor company’s stock worth $2,514,000 after acquiring an additional 719 shares in the last quarter. Finally, Quantamental Technologies LLC lifted its stake in shares of Kulicke and Soffa Industries by 31.2% in the second quarter. Quantamental Technologies LLC now owns 3,378 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 804 shares in the last quarter. 90.80% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and 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, wedge bonders, advanced packaging, and electronic assembly solutions.

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