B.Riley FBR analyst Craig Ellis reiterated a Buy rating on Kulicke And Soffa Industries on Monday, setting a price target of $29, which is approximately 36.73% above the present share price of $21.21.
Ellis expects Kulicke And Soffa Industries to post earnings per share (EPS) of $0.19 for the third quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Kulicke & Soffa (NASDAQ:KLIC), with an average price target of $29.
The analysts price targets range from a high of $29 to a low of $29.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $150.74 million and a net profit of $11.08 million. The company's market cap is $1.37 billion.
According to TipRanks.com, B.Riley FBR analyst Craig Ellis is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.4% and a 48.16% success rate.
Kulicke & Soffa Industries, Inc. engages in the design, manufacture, and sale of tools used to assemble semiconductor devices. It operates through the Capital Equipment and APS segments. The Capital Equipment segment consists of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions. The APS segment offers a variety of expandable tools for a broad range of semiconductor packaging applications. The company was founded by Frederick W. Kulicke and Albert Soffa in 1951 and is headquartered in Singapore.