Kulicke and Soffa Industries (NASDAQ:KLIC) Announces Quarterly Earnings Results

Kulicke and Soffa Industries (NASDAQ:KLIC) announced its quarterly earnings data on Wednesday. The semiconductor company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Briefing.com reports. Kulicke and Soffa Industries had a negative net margin of 9.77% and a negative return on equity of 0.90%. The business had revenue of $181.30 million during the quarter, compared to analysts’ expectations of $180.03 million. During the same period in the prior year, the firm earned $0.51 EPS. Kulicke and Soffa Industries’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 Up 1.3 %

KLIC stock traded up $0.58 during trading on Friday, hitting $46.19. 1,366,997 shares of the company’s stock traded hands, compared to its average volume of 500,819. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of -37.55 and a beta of 1.38. Kulicke and Soffa Industries has a 52 week low of $38.20 and a 52 week high of $56.71. The stock has a fifty day moving average price of $44.27 and a two-hundred day moving average price of $45.36.

Kulicke and Soffa Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.78%. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 19th. Kulicke and Soffa Industries’s payout ratio is -65.04%.

Kulicke and Soffa Industries declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 13th that permits the company to buyback $300.00 million in outstanding 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 typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KLIC. TD Cowen boosted their target price on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a report on Friday. Needham & Company LLC raised 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 note on Friday. StockNews.com cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. DA Davidson cut their price target on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Craig Hallum reduced their target price on 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Kulicke and Soffa Industries currently has an average rating of “Hold” and a consensus price target of $52.40.

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.