The price-to-earnings ratio for Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) is 51.10x, which is above its average ratio. Moreover, the 36-month beta value for KLIC is 1.48. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 1 as “sell.”
The public float for KLIC is 54.33M and currently, short sellers hold a 7.85% of that float. On April 26, 2024, KLIC’s average trading volume was 493.56K shares.
KLIC) stock’s latest price update
The stock price of Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) has plunged by -1.22 when compared to previous closing price of 46.73, but the company has seen a 0.15% gain in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-18 that SINGAPORE, April 18, 2024 /PRNewswire/ — Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) (“Kulicke & Soffa”, “K&S” or the “Company”), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced that a conference call is scheduled to discuss the Company’s second fiscal quarter 2024 financial results and its business outlook, on Thursday, May 2, 2024, at 8:00 am EDT. The Company will issue its second fiscal quarter 2024 financial results in the evening of Wednesday, May 1, 2024.
KLIC’s Market Performance
Kulicke & Soffa Industries, Inc. (KLIC) has seen a 0.15% rise in stock performance for the week, with a -5.00% decline in the past month and a -16.36% plunge in the past quarter. The volatility ratio for the week is 2.47%, and the volatility levels for the past 30 days are at 2.51% for KLIC. The simple moving average for the last 20 days is -3.66% for KLIC stock, with a simple moving average of -7.90% for the last 200 days.
Analysts’ Opinion of KLIC
Many brokerage firms have already submitted their reports for KLIC stocks, with Craig Hallum repeating the rating for KLIC by listing it as a “Buy.” The predicted price for KLIC in the upcoming period, according to Craig Hallum is $60 based on the research report published on November 17, 2023 of the previous year 2023.
Craig Hallum, on the other hand, stated in their research note that they expect to see KLIC reach a price target of $55. The rating they have provided for KLIC stocks is “Hold” according to the report published on August 10th, 2023.
B. Riley Securities gave a rating of “Neutral” to KLIC, setting the target price at $59 in the report published on April 12th of the previous year.
KLIC Trading at -4.95% from the 50-Day Moving Average
After a stumble in the market that brought KLIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.32% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -6.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.65% lower at present.
During the last 5 trading sessions, KLIC rose by +0.15%, which changed the moving average for the period of 200-days by -17.25% in comparison to the 20-day moving average, which settled at $47.74. In addition, Kulicke & Soffa Industries, Inc. saw -15.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KLIC starting from Chylak Robert Nestor, who sale 8,771 shares at the price of $48.97 back on Feb 14 ’24. After this action, Chylak Robert Nestor now owns 24,240 shares of Kulicke & Soffa Industries, Inc., valued at $429,491 using the latest closing price.
Wong Lester A, the Chief Financial Officer of Kulicke & Soffa Industries, Inc., sale 55,000 shares at $55.51 during a trade that took place back on Dec 14 ’23, which means that Wong Lester A is holding 121,702 shares at $3,052,946 based on the most recent closing price.
Stock Fundamentals for KLIC
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.47 for the gross margin
The net margin for Kulicke & Soffa Industries, Inc. stands at 0.07. The total capital return value is set at 0.03. Equity return is now at value 4.43, with 3.42 for asset returns.
Based on Kulicke & Soffa Industries, Inc. (KLIC), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 1.67. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 295.08.
Currently, EBITDA for the company is 101.37 million with net debt to EBITDA at -4.13. When we switch over and look at the enterprise to sales, we see a ratio of 3.02. The receivables turnover for the company is 4.0for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.50.
Conclusion
To wrap up, the performance of Kulicke & Soffa Industries, Inc. (KLIC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
