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

Share on StockTwits

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 1,879,239 shares, a growth of 44.1% from the January 15th total of 1,304,090 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 673,745 shares, the short-interest ratio is presently 2.8 days.

Several equities research analysts recently commented on KLIC shares. BidaskClub lowered shares of Kulicke and Soffa Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 13th. ValuEngine lowered shares of Kulicke and Soffa Industries from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 15th. B. Riley decreased their price objective on shares of Kulicke and Soffa Industries from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Craig Hallum started coverage on shares of Kulicke and Soffa Industries in a research report on Tuesday, November 20th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, DA Davidson decreased their price objective on shares of Kulicke and Soffa Industries to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.40.

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The shares were acquired at an average cost of $20.51 per share, for a total transaction of $102,550.00. Following the transaction, the director now directly owns 51,437 shares of the company’s stock, valued at $1,054,972.87. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Kulicke and Soffa Industries by 1.9% in the 3rd quarter. BlackRock Inc. now owns 6,571,120 shares of the semiconductor company’s stock valued at $156,655,000 after purchasing an additional 120,683 shares during the last quarter. Royce & Associates LP raised its stake in Kulicke and Soffa Industries by 11.0% in the 3rd quarter. Royce & Associates LP now owns 4,674,978 shares of the semiconductor company’s stock valued at $111,451,000 after purchasing an additional 464,900 shares during the last quarter. Vanguard Group Inc. raised its stake in Kulicke and Soffa Industries by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,627,461 shares of the semiconductor company’s stock valued at $62,639,000 after purchasing an additional 115,016 shares during the last quarter. Vanguard Group Inc raised its stake in Kulicke and Soffa Industries by 4.6% in the 3rd quarter. Vanguard Group Inc now owns 2,627,461 shares of the semiconductor company’s stock valued at $62,639,000 after purchasing an additional 115,016 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Kulicke and Soffa Industries by 33.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,796,975 shares of the semiconductor company’s stock valued at $42,840,000 after purchasing an additional 450,300 shares during the last quarter. 88.01% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries stock opened at $22.11 on Thursday. Kulicke and Soffa Industries has a 52 week low of $17.40 and a 52 week high of $28.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.81 and a current ratio of 6.58. The stock has a market capitalization of $1.47 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 2.13 and a beta of 1.13.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, January 31st. The semiconductor company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Kulicke and Soffa Industries had a net margin of 16.06% and a return on equity of 16.99%. The business had revenue of $157.21 million for the quarter, compared to analyst estimates of $155.00 million. During the same period in the previous year, the firm earned $0.54 EPS. Analysts forecast that Kulicke and Soffa Industries will post 0.84 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its Board of Directors has authorized a stock repurchase plan on Thursday, January 31st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This report was first posted by BBNS and is the property of of BBNS. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://baseballnewssource.com/2019/02/14/kulicke-and-soffa-industries-inc-klic-short-interest-update/3214565.html.

Kulicke and Soffa Industries Company Profile

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.

Recommended Story: How a Put Option Works

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.