Kulicke and Soffa Industries (KLIC) Releases Earnings Results, Beats Estimates By $0.11 EPS

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Kulicke and Soffa Industries (NASDAQ:KLIC) announced its quarterly earnings data on Monday. The semiconductor company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.11, RTT News reports. The company had revenue of $184.82 million for the quarter, compared to analysts’ expectations of $185.00 million. Kulicke and Soffa Industries had a return on equity of 19.51% and a net margin of 6.93%. Kulicke and Soffa Industries’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. Kulicke and Soffa Industries updated its Q1 2019 guidance to EPS.

Shares of KLIC stock opened at $19.90 on Tuesday. The company has a market capitalization of $1.41 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.24. Kulicke and Soffa Industries has a fifty-two week low of $19.29 and a fifty-two week high of $28.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.42 and a current ratio of 5.02.

Several hedge funds have recently modified their holdings of KLIC. Wells Fargo & Company MN lifted its stake in shares of Kulicke and Soffa Industries by 86.1% in the 1st quarter. Wells Fargo & Company MN now owns 10,939 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 5,060 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Kulicke and Soffa Industries by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 543,422 shares of the semiconductor company’s stock valued at $13,591,000 after purchasing an additional 12,216 shares during the period. Allianz Asset Management GmbH purchased a new position in shares of Kulicke and Soffa Industries in the 1st quarter valued at approximately $204,000. Xact Kapitalforvaltning AB lifted its stake in shares of Kulicke and Soffa Industries by 23.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 12,074 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 2,300 shares during the period. Finally, James Investment Research Inc. lifted its stake in shares of Kulicke and Soffa Industries by 25.5% in the 2nd quarter. James Investment Research Inc. now owns 146,575 shares of the semiconductor company’s stock valued at $3,491,000 after purchasing an additional 29,742 shares during the period. Hedge funds and other institutional investors own 82.32% of the company’s stock.

A number of equities analysts recently weighed in on KLIC shares. BidaskClub cut Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a report on Thursday, August 2nd. B. Riley raised their price target on Kulicke and Soffa Industries from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, ValuEngine lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.25.

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About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable 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, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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Earnings History for Kulicke and Soffa Industries (NASDAQ:KLIC)

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