Research Analysts Offer Predictions for Kulicke and Soffa Industries, Inc.’s FY2024 Earnings (NASDAQ:KLIC)

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Stock analysts at B. Riley reduced their FY2024 EPS estimates for Kulicke and Soffa Industries in a research note issued on Thursday, May 2nd. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $0.06 per share for the year, down from their prior forecast of $1.55. B. Riley has a “Neutral” rating and a $47.00 price objective on the stock. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $1.20 per share. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q4 2024 earnings at $0.41 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.33 EPS and FY2025 earnings at $1.69 EPS.

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

Several other equities research analysts have also recently issued reports on KLIC. 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 reaffirmed a “hold” rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $59.00.

Kulicke and Soffa Industries Trading Up 1.1 %

Shares of NASDAQ:KLIC opened at $48.02 on Monday. Kulicke and Soffa Industries has a 52 week low of $40.20 and a 52 week high of $60.20. The company’s 50 day moving average is $48.13 and its two-hundred day moving average is $49.31. The company has a market cap of $2.66 billion, a PE ratio of -40.35 and a beta of 1.48.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 25th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries’s payout ratio is currently -67.23%.

Insider Transactions at Kulicke and Soffa Industries

In related news, SVP Robert Nestor Chylak sold 8,771 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total value of $429,515.87. Following the completion of the sale, the senior vice president now owns 24,240 shares in the company, valued at approximately $1,187,032.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Kulicke and Soffa Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its stake in Kulicke and Soffa Industries by 29.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 272 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Kulicke and Soffa Industries by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 5,941 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Kulicke and Soffa Industries by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock worth $188,000 after acquiring an additional 353 shares during the period. CWM LLC raised its holdings in Kulicke and Soffa Industries by 53.4% during the first quarter. CWM LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 416 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in Kulicke and Soffa Industries by 340.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 443 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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.