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. “
A number of other research analysts also recently weighed in on KLIC. BidaskClub raised Kulicke and Soffa Industries from a sell rating to a hold rating in a research note on Tuesday, January 15th. ValuEngine lowered Kulicke and Soffa Industries from a hold rating to a sell rating in a report on Thursday, January 24th. Finally, Cowen reissued a hold rating and set a $22.00 price objective on shares of Kulicke and Soffa Industries in a report on Monday, February 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $28.40.
Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Kulicke and Soffa Industries had a return on equity of 12.85% and a net margin of 12.91%. The firm had revenue of $115.90 million for the quarter, compared to analyst estimates of $118.42 million. During the same period last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was down 47.7% compared to the same quarter last year. Equities analysts predict that Kulicke and Soffa Industries will post 0.64 earnings per share for the current year.
Kulicke and Soffa Industries announced that its Board of Directors has approved a share repurchase program on Thursday, January 31st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC increased 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 purchasing an additional 631 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Kulicke and Soffa Industries during the 4th quarter worth approximately $26,000. Proficio Capital Partners LLC increased 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 purchasing an additional 531 shares in the last quarter. Versant Capital Management Inc increased its holdings in Kulicke and Soffa Industries by 758.3% during the 1st quarter. Versant Capital Management Inc now owns 1,399 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 1,236 shares in the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in Kulicke and Soffa Industries during the 1st quarter worth approximately $36,000. 92.66% of the stock is owned by hedge funds and other 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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