How did Kulicke and Soffa Industries Inc. (KLIC) surprise investors with its report?

Kulicke and Soffa Industries Inc. [KLIC] stock is trading at $58.26, up 8.69%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KLIC shares have gain 10.34% over the last week, with a monthly amount glided 35.55%, and seem to be holding up well over a long-time horizon.

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On 1, February 2023, Kulicke & Soffa Reports First Quarter 2023 Results. In a post published today on Yahoo Finance, Recognizes Revenue for Initial Fluxless Thermocompression and LUMINEX™ Advanced Display Systems.

From an analyst’s perspective:

Kulicke and Soffa Industries Inc. [NASDAQ: KLIC] stock has seen the most recent analyst activity on April 12, 2022, when B. Riley Securities downgraded its rating to a Neutral and also revised its price target to $59 from $80. Previously, Needham downgraded its rating to Hold on February 04, 2022. On September 24, 2021, Needham reiterated its Buy rating and revised its price target to $78 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $64 on April 19, 2021. Cowen reiterated its recommendation of a Market Perform and raised its price target to $27 on January 31, 2020. DA Davidson upgraded its rating to Buy for this stock on November 21, 2019. In a note dated November 15, 2019, Cowen reiterated an Market Perform rating on this stock and boosted its target price from $23 to $25.

Kulicke and Soffa Industries Inc. [KLIC] stock has fluctuated between $35.95 and $62.16 over the past year. Currently, Wall Street analysts expect the stock to reach $61.25 within the next 12 months. Kulicke and Soffa Industries Inc. [NASDAQ: KLIC] shares were valued at $58.26 at the most recent close of the market. An investor can expect a potential return of 5.13% based on the average KLIC price forecast.

Analyzing the KLIC fundamentals

Kulicke and Soffa Industries Inc. [NASDAQ:KLIC] reported sales of 286.31 billion for the most recent quarter, which represents a drop of -41.00%. Gross Margin for this corporation currently stands at +49.44% with Operating Margin at +31.44%, Pretax Margin comes in at +31.72%, and Net Margin reading is +28.83%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 55.61 points at the first support level, and at 52.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.84, and for the 2nd resistance point, it is at 61.43.

Kulicke and Soffa Industries Inc. [KLIC] reported earnings per share of $2.09 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.59/share, meaning a difference of $0.5 and a surprise factor of 31.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.95 per share as compared to estimates of $1.47 per share, a difference of $0.48 representing a surprise of 32.70%.

Ratios To Look Out For

For context, Kulicke and Soffa Industries Inc.’s Current Ratio is 5.40. Also, the Quick Ratio is 4.61, while the Cash Ratio stands at 3.12. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 1.84 and the P/E (TTM) ratio is 8.26.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 14 insider buyings of 90,660 shares and 10 insider sellings of 110,947 shares. Recent insider trading involved Chylak Robert Nestor, Senior Vice President, that happened on Dec 13 when 3178.0 shares were sold. President and CEO, CHEN FUSEN ERNIE completed a deal on Dec 08 to sell 30997.0 shares. Meanwhile, President and CEO CHEN FUSEN ERNIE sold 24559.0 shares on Dec 07.