Kulicke and Soffa Industries (NASDAQ:KLIC) was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports. DA Davidson also issued estimates for Kulicke and Soffa Industries’ Q1 2020 earnings at $0.10 EPS and FY2020 earnings at $1.25 EPS.

KLIC has been the topic of several other research reports. ValuEngine lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. B. Riley reissued a “buy” rating and set a $32.00 price target on shares of Kulicke and Soffa Industries in a research report on Monday, November 11th. Cowen increased their price target on shares of Kulicke and Soffa Industries from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. 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, BidaskClub cut shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Kulicke and Soffa Industries presently has a consensus rating of “Hold” and an average target price of $27.67.

KLIC stock opened at $22.95 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.61 and a current ratio of 5.12. Kulicke and Soffa Industries has a 52 week low of $17.79 and a 52 week high of $26.95. The firm’s fifty day moving average is $23.84 and its 200 day moving average is $22.17. The firm has a market cap of $1.53 billion, a P/E ratio of 49.89 and a beta of 1.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Thursday, November 14th. The semiconductor company reported $0.14 EPS for the quarter, beating 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 3.72%. The company had revenue of $139.80 million for the quarter, compared to analyst estimates of $140.11 million. During the same quarter last year, the firm earned $0.45 EPS. The firm’s quarterly revenue was down 24.4% compared to the same quarter last year. As a group, analysts forecast that Kulicke and Soffa Industries will post 1.27 EPS for the current year.

In other Kulicke and Soffa Industries 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 completion of the sale, the director now owns 23,293 shares of the company’s stock, valued at approximately $582,325. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Several large investors have recently bought and sold shares of KLIC. Whale Rock Capital Management LLC purchased a new stake in shares of Kulicke and Soffa Industries in the 2nd quarter worth about $36,170,000. State of New Jersey Common Pension Fund D purchased a new position in Kulicke and Soffa Industries during the 2nd quarter valued at about $7,667,000. ARGA Investment Management LP lifted its position in Kulicke and Soffa Industries by 32.1% during the 2nd quarter. ARGA Investment Management LP now owns 1,293,378 shares of the semiconductor company’s stock valued at $29,166,000 after acquiring an additional 314,209 shares during the period. Morgan Stanley lifted its position in Kulicke and Soffa Industries by 1,079.4% during the 2nd quarter. Morgan Stanley now owns 298,233 shares of the semiconductor company’s stock valued at $6,725,000 after acquiring an additional 272,946 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Kulicke and Soffa Industries by 18.9% during the 3rd quarter. Fisher Asset Management LLC now owns 467,515 shares of the semiconductor company’s stock valued at $10,977,000 after acquiring an additional 74,411 shares during the period. 82.37% of the stock is owned by hedge funds and other institutional investors.

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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