Kulicke and Soffa Industries Inc. (KLIC) Short Interest Update

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) was the recipient of a significant drop in short interest in December. As of December 29th, there was short interest totalling 224,470 shares, a drop of 57.6% from the December 15th total of 529,896 shares. Based on an average daily trading volume, of 231,433 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

Several large investors have recently modified their holdings of the company. Advisor Group Inc. lifted its holdings in Kulicke and Soffa Industries by 11,247.9% in the second quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 7,986 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Kulicke and Soffa Industries by 43.0% in the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 2,731 shares during the period. Fox Run Management L.L.C. acquired a new position in Kulicke and Soffa Industries in the fourth quarter valued at $263,000. BNP Paribas Arbitrage SA lifted its holdings in Kulicke and Soffa Industries by 1.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 207 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in Kulicke and Soffa Industries in the second quarter valued at $292,000. Institutional investors own 84.96% of the company’s stock.

Kulicke and Soffa Industries (NASDAQ:KLIC) opened at $25.50 on Friday. The company has a market cap of $1,753.80, a price-to-earnings ratio of 16.35, a PEG ratio of 1.23 and a beta of 1.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.15 and a current ratio of 4.76. Kulicke and Soffa Industries has a fifty-two week low of $16.90 and a fifty-two week high of $28.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.15. The company had revenue of $215.89 million for the quarter, compared to analyst estimates of $208.20 million. Kulicke and Soffa Industries had a net margin of 13.85% and a return on equity of 14.54%. Kulicke and Soffa Industries’s revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. research analysts forecast that Kulicke and Soffa Industries will post 1.69 EPS for the current year.

A number of brokerages have weighed in on KLIC. Bank of America raised their target price on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a research report on Wednesday, November 15th. DA Davidson raised their target price on shares of Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. B. Riley reiterated a “buy” rating and set a $34.00 price target on shares of Kulicke and Soffa Industries in a report on Monday, November 27th. BidaskClub upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 6th. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $27.38.

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Kulicke and Soffa Industries Company Profile

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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