Kulicke and Soffa Industries (NASDAQ:KLIC) Issues Earnings Results

Kulicke and Soffa Industries (NASDAQ:KLIC) released its earnings results on Wednesday. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01), Briefing.com reports. Kulicke and Soffa Industries had a negative return on equity of 0.90% and a negative net margin of 9.77%. The business had revenue of $181.30 million for the quarter, compared to analyst estimates of $180.03 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. Kulicke and Soffa Industries updated its Q1 guidance to $0.25-$0.31 EPS and its Q1 2025 guidance to 0.250-0.310 EPS.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC traded up $0.58 during trading hours on Friday, hitting $46.19. The stock had a trading volume of 1,366,997 shares, compared to its average volume of 500,819. The company’s fifty day simple moving average is $44.27 and its 200 day simple moving average is $45.36. The firm has a market cap of $2.52 billion, a P/E ratio of -37.55 and a beta of 1.38. Kulicke and Soffa Industries has a 12-month low of $38.20 and a 12-month high of $56.71.

Kulicke and Soffa Industries Increases Dividend

The firm also recently announced 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 is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 1.78%. Kulicke and Soffa Industries’s dividend payout ratio is -65.04%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KLIC shares. StockNews.com lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. TD Cowen boosted their price objective on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday. Craig Hallum dropped their target price 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 target on the stock in a research report on Friday. Finally, DA Davidson cut their price target on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.40.

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

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.