Equities analysts forecast that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will announce earnings of $0.34 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kulicke and Soffa Industries’ earnings. The highest EPS estimate is $0.36 and the lowest is $0.31. Kulicke and Soffa Industries posted earnings of $0.51 per share in the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 13th.

According to Zacks, analysts expect that Kulicke and Soffa Industries will report full year earnings of $2.27 per share for the current year, with EPS estimates ranging from $2.26 to $2.27. For the next year, analysts expect that the business will report earnings of $2.31 per share, with EPS estimates ranging from $2.00 to $2.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Kulicke and Soffa Industries.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, August 1st. The semiconductor company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.23. The firm had revenue of $268.83 million during the quarter, compared to analysts’ expectations of $260.42 million. Kulicke and Soffa Industries had a net margin of 6.93% and a return on equity of 19.51%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. ValuEngine raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. B. Riley increased their target price on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Finally, BidaskClub raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $29.70.

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was acquired at an average price of $26.89 per share, for a total transaction of $134,450.00. Following the acquisition, the director now directly owns 45,090 shares in the company, valued at $1,212,470.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian R. Bachman sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, July 13th. The shares were sold at an average price of $28.00, for a total transaction of $61,600.00. Following the completion of the transaction, the director now owns 17,928 shares of the company’s stock, valued at approximately $501,984. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,900 shares of company stock valued at $639,000. 1.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC bought a new position in Kulicke and Soffa Industries in the 1st quarter valued at approximately $114,000. Itau Unibanco Holding S.A. bought a new position in Kulicke and Soffa Industries in the 2nd quarter valued at approximately $119,000. Wells Fargo & Company MN raised its holdings in Kulicke and Soffa Industries by 71.4% in the 4th quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 2,449 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in Kulicke and Soffa Industries during the 1st quarter worth approximately $150,000. Finally, Allianz Asset Management GmbH bought a new position in Kulicke and Soffa Industries during the 1st quarter worth approximately $204,000. Institutional investors and hedge funds own 84.10% of the company’s stock.

Shares of KLIC stock traded down $0.14 on Friday, reaching $24.86. The company had a trading volume of 773,259 shares, compared to its average volume of 441,186. The stock has a market capitalization of $1.68 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17. The company has a current ratio of 5.02, a quick ratio of 4.42 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries has a one year low of $18.43 and a one year high of $28.71.

Kulicke and Soffa Industries declared that its Board of Directors has initiated a share repurchase plan on Tuesday, July 10th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to buy up to 5.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Kulicke and Soffa Industries Company Profile

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

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