Equities Analysts Set Expectations for KLIC FY2025 Earnings

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Research analysts at DA Davidson decreased their FY2025 earnings per share estimates for Kulicke and Soffa Industries in a report issued on Friday, November 15th. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $1.32 for the year, down from their previous forecast of $1.52. DA Davidson 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.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted 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 analyst estimates of $180.03 million. Kulicke and Soffa Industries had a negative return on equity of 0.92% and a negative net margin of 9.77%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Craig Hallum dropped their price objective on shares of 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. 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. Finally, TD Cowen lifted their price objective on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of “Hold” and an average price target of $52.40.

Kulicke and Soffa Industries Stock Up 1.3 %

NASDAQ KLIC opened at $46.19 on Monday. Kulicke and Soffa Industries has a 12-month low of $38.20 and a 12-month high of $56.71. The company has a 50 day moving average price of $44.27 and a two-hundred day moving average price of $45.35. The stock has a market capitalization of $2.52 billion, a PE ratio of -37.55 and a beta of 1.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Kulicke and Soffa Industries by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 2,841,236 shares of the semiconductor company’s stock worth $142,943,000 after purchasing an additional 128,026 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of Kulicke and Soffa Industries by 22.0% in the third quarter. Copeland Capital Management LLC now owns 1,469,516 shares of the semiconductor company’s stock valued at $66,319,000 after buying an additional 264,638 shares during the period. Royce & Associates LP increased its holdings in Kulicke and Soffa Industries by 20.3% in the third quarter. Royce & Associates LP now owns 1,111,312 shares of the semiconductor company’s stock valued at $50,154,000 after purchasing an additional 187,673 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Kulicke and Soffa Industries by 37.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,075,790 shares of the semiconductor company’s stock valued at $52,918,000 after buying an additional 291,787 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Kulicke and Soffa Industries by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 671,675 shares of the semiconductor company’s stock valued at $33,040,000 after buying an additional 73,243 shares during the period. Institutional investors own 98.22% of the company’s stock.

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

Kulicke and Soffa Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Thursday, December 19th will be given a dividend of $0.205 per share. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 19th. This represents a $0.82 annualized dividend and a dividend yield of 1.78%. Kulicke and Soffa Industries’s payout ratio is -65.04%.

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.