Kulicke and Soffa Industries (NASDAQ:KLIC) Updates Q1 Earnings Guidance

Kulicke and Soffa Industries (NASDAQ:KLIC) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.25-$0.31 for the period, compared to the consensus earnings per share estimate of $0.33. The company issued revenue guidance of $155-$175 million, compared to the consensus revenue estimate of $183.58 million.

Analyst Upgrades and Downgrades

KLIC has been the topic of a number of recent analyst reports. TD Cowen dropped their price objective on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Craig Hallum reduced 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 research note on Thursday, August 8th. Finally, StockNews.com lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.33.

Kulicke and Soffa Industries Trading Down 1.8 %

Shares of KLIC stock traded down $0.85 during trading hours on Wednesday, hitting $47.19. The company’s stock had a trading volume of 381,374 shares, compared to its average volume of 491,517. Kulicke and Soffa Industries has a twelve month low of $38.20 and a twelve month high of $56.71. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -45.61 and a beta of 1.38. The business has a fifty day moving average of $43.87 and a 200-day moving average of $45.35.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.70%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries’s payout ratio is -76.92%.

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.