Kulicke and Soffa Industries (KLIC) to Release Earnings on Wednesday

Kulicke and Soffa Industries (NASDAQ:KLIC) is anticipated to release its earnings data before the market opens on Wednesday, January 29th. Analysts expect Kulicke and Soffa Industries to post earnings of $0.28 per share and revenue of $165,000.00 billion for the quarter. Kulicke and Soffa Industries has set its Q1 guidance at $0.25-$0.31 EPS and its Q1 2025 guidance at 0.250-0.310 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Wednesday, November 13th. The semiconductor company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $181.30 million during the quarter, compared to analyst estimates of $180.03 million. Kulicke and Soffa Industries had a negative net margin of 9.77% and a negative return on equity of 0.92%. Kulicke and Soffa Industries’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. On average, analysts expect Kulicke and Soffa Industries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ:KLIC opened at $42.88 on Tuesday. Kulicke and Soffa Industries has a one year low of $38.20 and a one year high of $53.71. The stock has a market cap of $2.31 billion, a PE ratio of -34.86 and a beta of 1.37. The business’s fifty day moving average price is $47.79 and its two-hundred day moving average price is $45.57.

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

Kulicke and Soffa Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Thursday, December 19th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, December 19th. This is a boost from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -66.67%.

Insider Activity at Kulicke and Soffa Industries

In other news, EVP Chan Pin Chong sold 9,730 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $46.07, for a total value of $448,261.10. Following the transaction, the executive vice president now owns 81,916 shares of the company’s stock, valued at approximately $3,773,870.12. This trade represents a 10.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Nelson Munpun Wong sold 30,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $47.56, for a total transaction of $1,426,800.00. Following the sale, the senior vice president now directly owns 177,533 shares of the company’s stock, valued at approximately $8,443,469.48. This trade represents a 14.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 221,121 shares of company stock worth $10,527,843. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KLIC. DA Davidson cut their price objective on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, November 15th. StockNews.com lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Friday, January 17th. TD Cowen lifted their price objective on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, Needham & Company LLC upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of “Hold” and an average price target of $52.40.

Kulicke and Soffa Industries Company Profile

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.