Kulicke & Soffa Stock Hits New 52-Week High (KLIC)

NEW YORK ( TheStreet) -- Kulicke & Soffa Industries (Nasdaq: KLIC) hit a new 52-week high Friday as it is currently trading at $13.11, above its previous 52-week high of $13.06 with 294,966 shares traded as of 11:19 a.m. ET. Average volume has been 776,500 shares over the past 30 days.

Kulicke & Soffa has a market cap of $938.5 million and is part of the technology sector and electronics industry. Shares are up 39% year to date as of the close of trading on Thursday.

Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices, including integrated circuits, powered discrete devices, light-emitting diodes, and power modules. The company has a P/E ratio of 7.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kulicke & Soffa as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and deteriorating net income. You can view the full Kulicke & Soffa Ratings Report.

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