Kulicke and Soffa Industries (KLIC) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a strong-buy rating to a hold rating in a report published on Thursday morning.

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. “

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A number of other equities analysts have also recently issued reports on KLIC. BidaskClub raised Kulicke and Soffa Industries from a buy rating to a strong-buy rating in a report on Tuesday, December 19th. ValuEngine raised Kulicke and Soffa Industries from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Finally, B. Riley reissued a buy rating and issued a $36.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $28.38.

Kulicke and Soffa Industries stock traded down $0.15 during trading hours on Thursday, hitting $24.51. The stock had a trading volume of 335,953 shares, compared to its average volume of 636,086. Kulicke and Soffa Industries has a fifty-two week low of $18.22 and a fifty-two week high of $28.71. The company has a quick ratio of 5.08, a current ratio of 5.72 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1,762.47, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 0.93 and a beta of 1.21.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.28. Kulicke and Soffa Industries had a return on equity of 16.70% and a net margin of 3.10%. The business had revenue of $213.70 million during the quarter, compared to analysts’ expectations of $189.48 million. During the same period in the prior year, the firm posted $0.22 EPS. Kulicke and Soffa Industries’s quarterly revenue was up 42.8% compared to the same quarter last year. analysts expect that Kulicke and Soffa Industries will post 2.23 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of KLIC. First Trust Advisors LP acquired a new position in shares of Kulicke and Soffa Industries in the 3rd quarter worth approximately $581,000. Bank of New York Mellon Corp increased its holdings in Kulicke and Soffa Industries by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 694,328 shares of the semiconductor company’s stock valued at $14,976,000 after purchasing an additional 6,057 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Kulicke and Soffa Industries during the 3rd quarter valued at $815,000. Legal & General Group Plc increased its holdings in Kulicke and Soffa Industries by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 125,597 shares of the semiconductor company’s stock valued at $2,709,000 after purchasing an additional 4,096 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Kulicke and Soffa Industries by 13.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 265,728 shares of the semiconductor company’s stock valued at $5,732,000 after purchasing an additional 31,327 shares in the last quarter. 87.23% of the stock is owned by institutional investors and hedge funds.

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Kulicke and Soffa Industries Company Profile

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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