FY2017 EPS Estimates for Kulicke and Soffa Industries Inc. (KLIC) Increased by Analyst

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) – Equities research analysts at DA Davidson raised their FY2017 earnings estimates for shares of Kulicke and Soffa Industries in a report released on Wednesday. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings of $1.40 per share for the year, up from their previous forecast of $1.10. DA Davidson also issued estimates for Kulicke and Soffa Industries’ Q4 2017 earnings at $0.25 EPS, Q2 2018 earnings at $0.38 EPS and FY2018 earnings at $1.45 EPS.

Other equities research analysts also recently issued research reports about the company. B. Riley began coverage on Kulicke and Soffa Industries in a research report on Thursday, February 2nd. They set a “buy” rating and a $26.00 price target for the company. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, May 3rd.

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

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Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) traded up 0.28% on Monday, hitting $21.36. The stock had a trading volume of 111,565 shares. The firm’s 50-day moving average is $20.62 and its 200-day moving average is $17.99. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 17.51 and a beta of 1.21. Kulicke and Soffa Industries has a one year low of $11.15 and a one year high of $23.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, May 3rd. The semiconductor company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The business had revenue of $199.60 million during the quarter, compared to the consensus estimate of $190.89 million. Kulicke and Soffa Industries had a return on equity of 7.88% and a net margin of 9.39%. The business’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 EPS.

In other Kulicke and Soffa Industries news, insider Yih-Neng Lee sold 8,641 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $20.93, for a total transaction of $180,856.13. Following the completion of the sale, the insider now owns 50,897 shares of the company’s stock, valued at $1,065,274.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan boosted its position in shares of Kulicke and Soffa Industries by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 15,670 shares of the semiconductor company’s stock worth $203,000 after buying an additional 170 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Kulicke and Soffa Industries by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 7,830 shares of the semiconductor company’s stock worth $159,000 after buying an additional 210 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Kulicke and Soffa Industries by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the semiconductor company’s stock worth $587,000 after buying an additional 400 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Kulicke and Soffa Industries by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 153,087 shares of the semiconductor company’s stock worth $3,111,000 after buying an additional 557 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Kulicke and Soffa Industries by 9.7% in the first quarter. Creative Planning now owns 6,765 shares of the semiconductor company’s stock worth $137,000 after buying an additional 600 shares in the last quarter. Institutional investors own 83.32% of the company’s stock.

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.

5 Day Chart for NASDAQ:KLIC

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