Kulicke and Soffa Industries’ (KLIC) Buy Rating Reiterated at B. Riley

B. Riley reiterated their buy rating on shares of Kulicke and Soffa Industries (NASDAQ:KLIC) in a report issued on Monday morning, Zacks.com reports.

A number of other research firms have also commented on KLIC. Zacks Investment Research lowered shares of Kulicke and Soffa Industries from a hold rating to a sell rating in a research note on Thursday, October 3rd. ValuEngine lowered shares of Kulicke and Soffa Industries from a strong-buy rating to a buy rating in a research note on Wednesday, October 2nd. Finally, BidaskClub upgraded shares of Kulicke and Soffa Industries from a hold rating to a buy rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Kulicke and Soffa Industries currently has an average rating of Hold and a consensus price target of $26.50.

Shares of KLIC traded down $0.19 during mid-day trading on Monday, reaching $25.17. 419,200 shares of the company’s stock traded hands, compared to its average volume of 414,946. The business’s 50-day moving average price is $23.82 and its 200-day moving average price is $22.16. The stock has a market capitalization of $1.61 billion, a P/E ratio of 10.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.33 and a current ratio of 4.85. Kulicke and Soffa Industries has a 12 month low of $17.40 and a 12 month high of $25.85.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Thursday, November 14th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.02. The company had revenue of $139.80 million for the quarter, compared to analysts’ expectations of $140.11 million. Kulicke and Soffa Industries had a return on equity of 6.21% and a net margin of 5.96%. The business’s revenue for the quarter was down 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Equities research analysts anticipate that Kulicke and Soffa Industries will post 0.45 EPS for the current year.

In related news, Director Brian R. Bachman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the transaction, the director now owns 23,293 shares in the company, valued at $582,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Gravity Wealth Inc. increased its stake in shares of Kulicke and Soffa Industries by 348.4% during the second quarter. Financial Gravity Wealth Inc. now owns 1,780 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,383 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Kulicke and Soffa Industries during the second quarter valued at approximately $51,000. Tower Research Capital LLC TRC increased its stake in shares of Kulicke and Soffa Industries by 25,411.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,296 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 2,287 shares during the period. Quantamental Technologies LLC increased its stake in shares of Kulicke and Soffa Industries by 31.2% during the second quarter. Quantamental Technologies LLC now owns 3,378 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 804 shares during the period. Finally, Atria Investments LLC acquired a new position in shares of Kulicke and Soffa Industries during the second quarter valued at approximately $256,000. Institutional investors and hedge funds own 90.80% of the company’s stock.

About Kulicke and Soffa Industries

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

Read More: Capital Gains Distribution

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.