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.
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.
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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.
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