Research Analysts Issue Forecasts for KLIC FY2025 Earnings

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Stock analysts at DA Davidson dropped their FY2025 EPS estimates for Kulicke and Soffa Industries in a research report issued on Friday, November 15th. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings per share of $1.32 for the year, down from their previous estimate of $1.52. DA Davidson currently has a “Buy” rating and a $60.00 price target on the stock. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $1.32 per share.

A number of other research firms have also recently commented on KLIC. Needham & Company LLC raised 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 upped their price target on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday. StockNews.com downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Finally, Craig Hallum dropped their price target on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Kulicke and Soffa Industries has an average rating of “Hold” and a consensus target price of $52.40.

Kulicke and Soffa Industries Stock Up 0.3 %

Shares of NASDAQ KLIC opened at $46.33 on Monday. The business’s 50 day moving average price is $44.27 and its two-hundred day moving average price is $45.36. The company has a market cap of $2.53 billion, a PE ratio of -37.55 and a beta of 1.38. Kulicke and Soffa Industries has a twelve month low of $38.20 and a twelve month high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced 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 firm had revenue of $181.30 million during the quarter, compared to the consensus estimate 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%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS.

Kulicke and Soffa Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be given a dividend of $0.205 per share. The ex-dividend date is Thursday, December 19th. This represents a $0.82 dividend on an annualized basis and a yield of 1.77%. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. Kulicke and Soffa Industries’s dividend payout ratio is currently -65.04%.

Kulicke and Soffa Industries announced that its board has authorized a stock buyback plan on Wednesday, November 13th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 11.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC raised its position in shares of Kulicke and Soffa Industries by 7.6% in the 1st quarter. ProShare Advisors LLC now owns 11,212 shares of the semiconductor company’s stock valued at $564,000 after buying an additional 788 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kulicke and Soffa Industries by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 2,841,236 shares of the semiconductor company’s stock valued at $142,943,000 after purchasing an additional 128,026 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Kulicke and Soffa Industries during the 1st quarter worth $571,000. MQS Management LLC acquired a new position in Kulicke and Soffa Industries during the first quarter worth about $265,000. Finally, Rodgers Brothers Inc. boosted its stake in shares of Kulicke and Soffa Industries by 84.7% in the 1st quarter. Rodgers Brothers Inc. now owns 51,025 shares of the semiconductor company’s stock valued at $2,567,000 after purchasing an additional 23,400 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

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.