Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) to Post Q3 2024 Earnings of $0.30 Per Share, B. Riley Forecasts

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Equities research analysts at B. Riley dropped their Q3 2024 EPS estimates for Kulicke and Soffa Industries in a research report issued on Thursday, May 2nd. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $0.30 for the quarter, down from their previous forecast of $0.39. B. Riley currently has a “Neutral” rating and a $47.00 price target on the stock. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $1.69 per share. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q3 2025 earnings at $0.51 EPS and Q4 2025 earnings at $0.61 EPS.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($1.19). The company had revenue of $172.10 million for the quarter, compared to analyst estimates of $170.20 million. Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share.

A number of other analysts have also recently weighed in on the stock. TheStreet cut shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Kulicke and Soffa Industries in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Kulicke and Soffa Industries currently has an average rating of “Hold” and a consensus price target of $59.00.

Kulicke and Soffa Industries Price Performance

Shares of KLIC stock opened at $47.00 on Friday. The firm has a market cap of $2.65 billion, a P/E ratio of -39.50 and a beta of 1.48. The firm’s 50-day simple moving average is $48.18 and its 200-day simple moving average is $49.22. Kulicke and Soffa Industries has a 1-year low of $40.20 and a 1-year high of $60.20.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Kulicke and Soffa Industries by 3.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,995,493 shares of the semiconductor company’s stock valued at $163,913,000 after acquiring an additional 91,934 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 9.8% in the third quarter. American Century Companies Inc. now owns 2,821,598 shares of the semiconductor company’s stock valued at $137,214,000 after purchasing an additional 251,773 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Kulicke and Soffa Industries by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,713,210 shares of the semiconductor company’s stock worth $148,467,000 after buying an additional 42,778 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Kulicke and Soffa Industries by 19.1% during the third quarter. Ameriprise Financial Inc. now owns 820,529 shares of the semiconductor company’s stock valued at $39,903,000 after buying an additional 131,679 shares in the last quarter. Finally, Northern Trust Corp raised its position in Kulicke and Soffa Industries by 1.4% during the third quarter. Northern Trust Corp now owns 676,437 shares of the semiconductor company’s stock valued at $32,895,000 after buying an additional 9,243 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, SVP Robert Nestor Chylak sold 8,771 shares of Kulicke and Soffa Industries stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total value of $429,515.87. Following the transaction, the senior vice president now directly owns 24,240 shares in the company, valued at approximately $1,187,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 25th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.70%. Kulicke and Soffa Industries’s dividend payout ratio is currently -67.23%.

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.