Kulicke and Soffa Industries Inc. (KLIC) Forms $20.88 Double Top, Worthington Industries (WOR)’s Sentiment Is 1.42

June 19, 2017 - By Nellie Frank

Kulicke and Soffa Industries Inc. (KLIC) formed double top with $22.55 target or 8.00% above today’s $20.88 share price. Kulicke and Soffa Industries Inc. (KLIC) has $1.49B valuation. About 126,161 shares traded. Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) has risen 89.78% since June 19, 2016 and is uptrending. It has outperformed by 73.08% the S&P500.

Worthington Industries, Inc. is a metals manufacturing company, focused on value-added steel processing and manufactured metal products. The company has market cap of $2.82 billion. The Company’s divisions include Steel Processing, Pressure Cylinders, Engineered Cabs and Other. It has a 13.86 P/E ratio. The Steel Processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.

Ratings analysis reveals 0 of Worthington’s analysts are positive. Out of 2 Wall Street analysts rating Worthington, 0 give it “Buy”, 2 “Sell” rating, while 0 recommend “Hold”. WOR was included in 2 notes of analysts from November 29, 2016. Jefferies downgraded the stock to “Underperform” rating in Monday, December 12 report. Macquarie Research downgraded Worthington Industries, Inc. (NYSE:WOR) on Tuesday, November 29 to “Underperform” rating.

Copper Rock Capital Partners Llc holds 1.38% of its portfolio in Worthington Industries, Inc. for 455,268 shares. Hennessy Advisors Inc owns 747,100 shares or 1.05% of their US portfolio. Moreover, Dorsey Wright & Associates has 1.02% invested in the company for 50,548 shares. The North Carolina-based Arbor Investment Advisors Llc has invested 0.97% in the stock. Smith Graham & Co. Investment Advisors Lp, a Texas-based fund reported 183,563 shares.

About 29,679 shares traded. Worthington Industries, Inc. (WOR) has risen 17.54% since June 19, 2016 and is uptrending. It has outperformed by 0.84% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $85,182 activity.

Analysts await Worthington Industries, Inc. (NYSE:WOR) to report earnings on July, 5. They expect $0.83 earnings per share, down 4.60% or $0.04 from last year’s $0.87 per share. WOR’s profit will be $52.74M for 13.37 P/E if the $0.83 EPS becomes a reality. After $0.55 actual earnings per share reported by Worthington Industries, Inc. for the previous quarter, Wall Street now forecasts 50.91% EPS growth.

Investors sentiment decreased to 1.03 in 2016 Q4. Its down 0.37, from 1.4 in 2016Q3. It dropped, as 23 investors sold Kulicke and Soffa Industries Inc. shares while 56 reduced holdings. 27 funds opened positions while 54 raised stakes. 57.85 million shares or 4.15% more from 55.54 million shares in 2016Q3 were reported. Stevens Capital Mgmt L P holds 0.02% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) for 27,888 shares. 11,186 are owned by Group Inc. Public Employees Retirement Association Of Colorado owns 17,758 shares. Schroder Invest Mgmt Grp holds 0.23% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) for 7.62M shares. Sg Americas Ltd Liability stated it has 0% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC). Blackrock Advsr Llc invested 0.01% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 2,265 shares. The New York-based Millennium Mngmt Limited Liability Company has invested 0.01% in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC). Breithorn Cap Mgmt reported 8.24% stake. Kcg Hldgs holds 13,481 shares or 0.01% of its portfolio. Verition Fund Mngmt Lc invested 0.05% in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC). Blackrock Investment Ltd Liability reported 93,560 shares. Jpmorgan Chase holds 0% or 487,881 shares in its portfolio. Dimensional Fund Advsr Lp owns 0.05% invested in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) for 6.02M shares. Comml Bank Of Montreal Can holds 3,397 shares.

Analysts await Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) to report earnings on August, 2. They expect $0.51 EPS, up 13.33% or $0.06 from last year’s $0.45 per share. KLIC’s profit will be $36.39M for 10.24 P/E if the $0.51 EPS becomes a reality. After $0.40 actual EPS reported by Kulicke and Soffa Industries Inc. for the previous quarter, Wall Street now forecasts 27.50% EPS growth.

Among 2 analysts covering Kulicke and Soffa Industries (NASDAQ:KLIC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Kulicke and Soffa Industries had 3 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) earned “Sell” rating by Zacks on Thursday, August 6. Standpoint Research downgraded the stock to “Hold” rating in Friday, November 18 report.

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