Brokerages expect that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will announce $210.00 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kulicke and Soffa Industries’ earnings. Kulicke and Soffa Industries posted sales of $199.61 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The firm is scheduled to report its next earnings report on Wednesday, May 2nd.
On average, analysts expect that Kulicke and Soffa Industries will report full-year sales of $210.00 million for the current fiscal year, with estimates ranging from $898.80 million to $908.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $964.60 million per share, with estimates ranging from $964.20 million to $965.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Kulicke and Soffa Industries.
Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.28. The company had revenue of $213.70 million during the quarter, compared to analysts’ expectations of $189.48 million. Kulicke and Soffa Industries had a net margin of 3.10% and a return on equity of 16.70%. The firm’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Kulicke and Soffa Industries by 0.7% in the fourth quarter. BlackRock Inc. now owns 5,699,317 shares of the semiconductor company’s stock valued at $138,691,000 after purchasing an additional 39,480 shares during the period. Thrivent Financial For Lutherans grew its holdings in shares of Kulicke and Soffa Industries by 79.8% in the fourth quarter. Thrivent Financial For Lutherans now owns 129,329 shares of the semiconductor company’s stock valued at $3,148,000 after purchasing an additional 57,419 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Kulicke and Soffa Industries by 61.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the semiconductor company’s stock valued at $550,000 after purchasing an additional 8,620 shares during the period. Whale Rock Capital Management LLC purchased a new stake in shares of Kulicke and Soffa Industries in the third quarter valued at about $61,608,000. Finally, Koch Industries Inc. purchased a new stake in shares of Kulicke and Soffa Industries in the fourth quarter valued at about $267,000. 87.23% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ KLIC opened at $24.47 on Friday. The stock has a market capitalization of $1,741.29, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.92 and a beta of 1.21. The company has a quick ratio of 5.08, a current ratio of 5.72 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries has a 52 week low of $18.22 and a 52 week high of $28.71.
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About Kulicke and Soffa Industries
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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