Q1 2018 EPS Estimates for Kulicke and Soffa Industries, Inc. (KLIC) Increased by B. Riley

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – B. Riley raised their Q1 2018 earnings per share estimates for shares of Kulicke and Soffa Industries in a research note issued to investors on Tuesday. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings of $0.27 per share for the quarter, up from their previous forecast of $0.26. B. Riley currently has a “Buy” rating and a $31.00 price objective on the stock. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $1.72 EPS, Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.76 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.91 EPS.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.15. Kulicke and Soffa Industries had a return on equity of 14.78% and a net margin of 13.85%. The company had revenue of $215.89 million during the quarter, compared to analysts’ expectations of $208.20 million. During the same period in the prior year, the business earned $0.15 earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was up 48.0% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Q1 2018 EPS Estimates for Kulicke and Soffa Industries, Inc. (KLIC) Increased by B. Riley” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/11/18/q1-2018-eps-estimates-for-kulicke-and-soffa-industries-inc-klic-increased-by-b-riley.html.

KLIC has been the subject of a number of other reports. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, September 6th. Bank of America Corporation raised their target price on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a research note on Wednesday. BidaskClub lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. DA Davidson raised their target price on Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.63.

Kulicke and Soffa Industries (NASDAQ KLIC) opened at $26.80 on Friday. The company has a market capitalization of $1,900.00, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.33 and a beta of 1.34. Kulicke and Soffa Industries has a 12-month low of $14.48 and a 12-month high of $28.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.83 and a quick ratio of 4.20.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLIC. FMR LLC bought a new stake in Kulicke and Soffa Industries in the 1st quarter valued at approximately $1,566,000. Vanguard Group Inc. increased its position in shares of Kulicke and Soffa Industries by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 1,823,711 shares of the semiconductor company’s stock worth $37,059,000 after purchasing an additional 111,157 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kulicke and Soffa Industries by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 497,702 shares of the semiconductor company’s stock worth $10,112,000 after purchasing an additional 12,434 shares during the last quarter. UBS Group AG increased its position in shares of Kulicke and Soffa Industries by 95.9% during the 1st quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 2,935 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Kulicke and Soffa Industries by 909,858.7% during the 1st quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock worth $112,421,000 after purchasing an additional 5,531,941 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Kulicke and Soffa Industries declared that its board has authorized a share repurchase program on Tuesday, August 15th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.

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

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