According to Zacks, “Kulicke & Soffa is a leading provider of semiconductor packaging and electronic assembly solutions supporting the global automotive, consumer, communications, computing and industrial segments. As a pioneer in the semiconductor space, K&S has provided customers with market leading packaging solutions for decades. In recent years, K&S has expanded its product offerings through strategic acquisitions and organic development, adding advanced packaging, electronics assembly, wedge bonding and a broader range of expendable tools to its core offerings. Combined with its extensive expertise in process technology and focus on development, K&S is well positioned to help customers meet the challenges of packaging and assembling the next-generation of electronic devices. “
KLIC has been the topic of a number of other research reports. BidaskClub raised Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a report on Friday, June 7th. ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.40.
Shares of KLIC opened at $21.45 on Wednesday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 2.84 and a beta of 1.27. Kulicke and Soffa Industries has a one year low of $17.40 and a one year high of $28.69. The company has a quick ratio of 6.35, a current ratio of 7.19 and a debt-to-equity ratio of 0.02.
Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $118.42 million. Kulicke and Soffa Industries had a net margin of 12.91% and a return on equity of 12.85%. The company’s revenue for the quarter was down 47.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. On average, research analysts anticipate that Kulicke and Soffa Industries will post 0.64 EPS for the current year.
In other news, Director Peter T. M. Kong bought 10,000 shares of Kulicke and Soffa Industries stock in a transaction on Monday, May 20th. The shares were bought at an average price of $19.37 per share, with a total value of $193,700.00. Following the acquisition, the director now directly owns 64,690 shares in the company, valued at approximately $1,253,045.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its holdings in Kulicke and Soffa Industries by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 26,015 shares of the semiconductor company’s stock worth $575,000 after buying an additional 470 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in Kulicke and Soffa Industries by 5.0% during the 4th quarter. EP Wealth Advisors LLC now owns 10,500 shares of the semiconductor company’s stock worth $213,000 after buying an additional 500 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Kulicke and Soffa Industries by 56.4% during the 4th quarter. Proficio Capital Partners LLC now owns 1,472 shares of the semiconductor company’s stock worth $30,000 after buying an additional 531 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Kulicke and Soffa Industries by 103.1% during the 4th quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock worth $25,000 after buying an additional 631 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Kulicke and Soffa Industries by 14.0% during the 4th quarter. Bank of Montreal Can now owns 7,218 shares of the semiconductor company’s stock worth $147,000 after buying an additional 886 shares during the last quarter. 89.73% of the stock is currently owned by institutional investors.
About Kulicke and Soffa Industries
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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