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

Kulicke and Soffa Industries (NASDAQ:KLIC) is projected to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce 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.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, November 13th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Kulicke and Soffa Industries had a negative net margin of 9.77% and a negative return on equity of 0.92%. The company had revenue of $181.30 million during the quarter, compared to the consensus estimate of $180.03 million. During the same quarter last year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. 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 Price Performance

Kulicke and Soffa Industries stock opened at $45.15 on Monday. Kulicke and Soffa Industries has a one year low of $38.20 and a one year high of $56.71. The firm has a market cap of $2.43 billion, a PE ratio of -36.71 and a beta of 1.37. The stock’s fifty day moving average price is $47.79 and its two-hundred day moving average price is $45.60.

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

Kulicke and Soffa Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Thursday, December 19th were issued a $0.205 dividend. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 1.82%. The ex-dividend date was Thursday, December 19th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -66.67%.

Analyst Upgrades and Downgrades

Several brokerages have commented on KLIC. DA Davidson lowered their target price on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 15th. TD Cowen raised 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, November 15th. StockNews.com cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.40.

Insider Transactions at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, EVP Chan Pin Chong sold 9,730 shares of Kulicke and Soffa Industries stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $46.07, for a total transaction of $448,261.10. Following the transaction, the executive vice president now directly owns 81,916 shares of the company’s stock, valued at $3,773,870.12. The trade was a 10.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Fusen Ernie Chen sold 80,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $48.29, for a total transaction of $3,863,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,100,765 shares of the company’s stock, valued at $53,155,941.85. The trade was a 6.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,121 shares of company stock worth $10,527,843 over the last three months. 0.03% of the stock is owned by company insiders.

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.