Brokerages Expect Kulicke and Soffa Industries Inc. (KLIC) Will Post Earnings of $0.58 Per Share

Wall Street analysts expect that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will post earnings per share of $0.58 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kulicke and Soffa Industries’ earnings. The highest EPS estimate is $0.64 and the lowest is $0.52. Kulicke and Soffa Industries posted earnings per share of $0.45 in the same quarter last year, which indicates a positive year over year growth rate of 28.9%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 2nd.

On average, analysts expect that Kulicke and Soffa Industries will report full-year earnings of $1.47 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.52. For the next financial year, analysts expect that the firm will report earnings of $1.34 per share, with EPS estimates ranging from $0.95 to $1.63. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Kulicke and Soffa Industries.

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

KLIC has been the subject of a number of research analyst reports. B. Riley initiated coverage on shares of Kulicke and Soffa Industries in a research note on Thursday, February 2nd. They issued a “buy” rating and a $26.00 target price for the company. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, May 3rd.

In related news, insider Yih-Neng Lee sold 8,641 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $20.93, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Kulicke and Soffa Industries by 909,858.7% in the first quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock worth $112,421,000 after buying an additional 5,531,941 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Kulicke and Soffa Industries by 8.5% in the third quarter. BlackRock Fund Advisors now owns 3,182,061 shares of the semiconductor company’s stock worth $41,144,000 after buying an additional 248,103 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Kulicke and Soffa Industries by 5.1% in the fourth quarter. Renaissance Technologies LLC now owns 2,495,428 shares of the semiconductor company’s stock worth $39,802,000 after buying an additional 120,700 shares in the last quarter. Royce & Associates LP raised its stake in shares of Kulicke and Soffa Industries by 11.1% in the fourth quarter. Royce & Associates LP now owns 1,865,621 shares of the semiconductor company’s stock worth $29,757,000 after buying an additional 186,333 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Kulicke and Soffa Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,823,711 shares of the semiconductor company’s stock worth $37,059,000 after buying an additional 111,157 shares in the last quarter. 83.32% of the stock is owned by institutional investors and hedge funds.

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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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