Kulicke & Soffa (NASDAQ:KLIC) released its earnings data on Thursday. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.02, American Banking News.com reports. The company had revenue of $173.60 million for the quarter, compared to the consensus estimate of $183.33 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was down 35.5% on a year-over-year basis.
Kulicke & Soffa (NASDAQ:KLIC) traded up 0.76% on Friday, hitting $11.86. The stock had a trading volume of 986,888 shares. Kulicke & Soffa has a 1-year low of $9.68 and a 1-year high of $13.70. The stock’s 50-day moving average is $12.31 and its 200-day moving average is $11.64. The company has a market cap of $892.8 million and a price-to-earnings ratio of 9.23.
On a related note, analysts at Standpoint Research initiated coverage on shares of Kulicke & Soffa in a research note to investors on Monday, September 30th. They set a “buy” rating and a $17.00 price target on the stock.
Kulicke and Soffa Industries, Inc (NASDAQ:KLIC) designs, manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits (IC), high and low powered discrete devices, light-emitting diodes (LEDs), and power modules.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.