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Kulicke and Soffa Industries Inc. (KLIC) Announces Earnings Results – Momentous News
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Kulicke and Soffa Industries Inc. (KLIC) Announces Earnings Results

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

Kulicke and Soffa Industries (NASDAQ:KLIC) traded down 0.19% on Friday, reaching $21.42. The company had a trading volume of 278,117 shares. The company’s 50 day moving average price is $20.71 and its 200-day moving average price is $18.10. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 17.56 and a beta of 1.21. Kulicke and Soffa Industries has a 12 month low of $11.15 and a 12 month high of $23.00.

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

In other news, insider Yih-Neng Lee sold 8,641 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $20.93, for a total value of $180,856.13. Following the transaction, the insider now owns 50,897 shares in the company, valued at approximately $1,065,274.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. increased its position in Kulicke and Soffa Industries by 6.5% in the third quarter. Moors & Cabot Inc. now owns 16,275 shares of the semiconductor company’s stock valued at $209,000 after buying an additional 1,000 shares during the last quarter. Tudor Investment Corp Et Al purchased a new position in Kulicke and Soffa Industries during the fourth quarter valued at approximately $165,000. Quadrature Capital Ltd purchased a new position in Kulicke and Soffa Industries during the fourth quarter valued at approximately $205,000. D. E. Shaw & Co. Inc. increased its position in Kulicke and Soffa Industries by 1.6% in the third quarter. D. E. Shaw & Co. Inc. now owns 630,296 shares of the semiconductor company’s stock valued at $8,149,000 after buying an additional 9,792 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Kulicke and Soffa Industries by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,634 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,482 shares during the last quarter. Institutional investors and hedge funds own 83.32% of the company’s stock.

A number of research analysts recently issued reports on KLIC shares. B. Riley started coverage on Kulicke and Soffa Industries in a report on Thursday, February 2nd. They set a “buy” rating and a $26.00 target price on the stock. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, May 3rd.

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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.

5 Day Chart for NASDAQ:KLIC

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