Kulicke and Soffa Industries (NASDAQ:KLIC) Issues Earnings Results

Kulicke and Soffa Industries (NASDAQ:KLIC) released its quarterly earnings results on Wednesday. The semiconductor company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01), Briefing.com reports. Kulicke and Soffa Industries had a negative net margin of 9.77% and a negative return on equity of 0.90%. The business had revenue of $181.30 million during the quarter, compared to analysts’ expectations of $180.03 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. Kulicke and Soffa Industries updated its Q1 guidance to $0.25-$0.31 EPS and its Q1 2025 guidance to 0.250-0.310 EPS.

Kulicke and Soffa Industries Trading Up 1.3 %

Shares of KLIC stock traded up $0.58 during mid-day trading on Friday, reaching $46.19. The stock had a trading volume of 1,366,997 shares, compared to its average volume of 500,819. The company has a market cap of $2.52 billion, a P/E ratio of -37.55 and a beta of 1.38. Kulicke and Soffa Industries has a 12-month low of $38.20 and a 12-month high of $56.71. The business has a 50-day simple moving average of $44.27 and a 200 day simple moving average of $45.36.

Kulicke and Soffa Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be paid a $0.205 dividend. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, December 19th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -65.04%.

Kulicke and Soffa Industries announced that its board has approved a share buyback program on Wednesday, November 13th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Craig Hallum lowered their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Tuesday. Needham & Company LLC upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Friday. TD Cowen increased their target price on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday. Finally, DA Davidson decreased their price target on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $52.40.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.