Kulicke and Soffa Industries (NASDAQ:KLIC) Releases Q4 Earnings Guidance

Kulicke and Soffa Industries (NASDAQ:KLIC) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.315-0.385 for the period, compared to the consensus estimate of $0.50. The company issued revenue guidance of $170-190 million, compared to the consensus revenue estimate of $202.23 million. Kulicke and Soffa Industries also updated its Q4 2024 guidance to 0.320-0.390 EPS.

Kulicke and Soffa Industries Trading Down 3.6 %

Shares of NASDAQ KLIC traded down $1.47 during trading on Wednesday, reaching $39.61. 730,482 shares of the company traded hands, compared to its average volume of 483,018. The stock has a market cap of $2.20 billion, a P/E ratio of -33.32 and a beta of 1.40. The firm’s fifty day simple moving average is $47.18 and its 200 day simple moving average is $48.13. Kulicke and Soffa Industries has a 12-month low of $39.00 and a 12-month high of $56.95.

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Thursday, June 20th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, June 20th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -67.23%.

Analyst Ratings Changes

KLIC has been the topic of a number of research analyst reports. B. Riley dropped their price target on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a neutral rating on the stock in a research note on Friday, May 3rd. Needham & Company LLC reiterated a hold rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and an average price target of $53.50.

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.