News articles about Kulicke and Soffa Industries (NASDAQ:KLIC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kulicke and Soffa Industries earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.2979708108127 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern’s scoring:
- Kulicke and Soffa Industries, Inc. (KLIC) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Kulicke & Soffa Industries, Inc. – Value Analysis (NASDAQ:KLIC) : August 17, 2017 (finance.yahoo.com)
- Kulicke and Soffa Industries (KLIC) Board Announces Stock Repurchase Plan (americanbankingnews.com)
- Kulicke and Soffa Industries : & Soffa Completes Existing $100M Repurchase Program (4-traders.com)
- Kulicke & Soffa Completes Existing $100M Repurchase Program (finance.yahoo.com)
Kulicke and Soffa Industries (NASDAQ KLIC) opened at 18.90 on Friday. The company has a 50-day moving average of $20.56 and a 200 day moving average of $20.69. Kulicke and Soffa Industries has a 1-year low of $11.29 and a 1-year high of $23.00. The stock has a market cap of $1.34 billion, a P/E ratio of 15.71 and a beta of 1.25.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.21. The firm had revenue of $243.90 million for the quarter, compared to analysts’ expectations of $245.02 million. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Analysts predict that Kulicke and Soffa Industries will post $1.40 EPS for the current year.
Kulicke and Soffa Industries announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 15th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
KLIC has been the topic of several recent analyst reports. BidaskClub raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, May 3rd. B. Riley reissued a “buy” rating and issued a $31.00 target price on shares of Kulicke and Soffa Industries in a research note on Thursday, June 29th. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Kulicke and Soffa Industries currently has a consensus rating of “Hold” and an average price target of $28.50.
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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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