Q3 2022 EPS Estimates for Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Boosted by Analyst

Kulicke and Soffa Industries, Inc. (NASDAQ:KLICGet Rating) – Analysts at B. Riley increased their Q3 2022 earnings per share (EPS) estimates for shares of Kulicke and Soffa Industries in a research note issued to investors on Friday, May 6th. B. Riley analyst C. Ellis now expects that the semiconductor company will earn $1.53 per share for the quarter, up from their previous forecast of $1.48. B. Riley has a “Neutral” rating and a $59.00 price objective on the stock. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q4 2022 earnings at $1.51 EPS, Q1 2023 earnings at $1.11 EPS, Q2 2023 earnings at $1.61 EPS, Q3 2023 earnings at $2.23 EPS and Q4 2023 earnings at $1.53 EPS.

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The semiconductor company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.48. Kulicke and Soffa Industries had a net margin of 28.33% and a return on equity of 46.89%. The firm had revenue of $384.28 million for the quarter, compared to analyst estimates of $380.25 million. During the same quarter in the prior year, the business earned $1.26 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on KLIC. Zacks Investment Research cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, April 20th. StockNews.com cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Friday. Finally, Needham & Company LLC cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Friday, February 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.20.

Shares of KLIC stock opened at $51.54 on Monday. Kulicke and Soffa Industries has a twelve month low of $43.41 and a twelve month high of $75.29. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 6.56 and a beta of 1.30. The stock’s 50 day simple moving average is $53.23 and its 200 day simple moving average is $55.60.

The business also recently declared a quarterly dividend, which was paid on Monday, April 11th. Investors of record on Thursday, March 24th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 23rd. This represents a $0.68 annualized dividend and a yield of 1.32%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 8.65%.

Kulicke and Soffa Industries announced that its Board of Directors has approved a stock repurchase program on Thursday, March 3rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 13.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In related news, EVP Chan Pin Chong sold 2,000 shares of the stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $60.00, for a total value of $120,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC raised its holdings in Kulicke and Soffa Industries by 2.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 81,218 shares of the semiconductor company’s stock valued at $4,550,000 after buying an additional 2,014 shares during the last quarter. Smith Graham & Co. Investment Advisors LP acquired a new position in shares of Kulicke and Soffa Industries in the 1st quarter valued at about $2,705,000. Fisher Asset Management LLC boosted its holdings in shares of Kulicke and Soffa Industries by 8.0% during the 1st quarter. Fisher Asset Management LLC now owns 618,783 shares of the semiconductor company’s stock worth $34,664,000 after buying an additional 46,047 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Kulicke and Soffa Industries by 4.1% in the first quarter. New York State Common Retirement Fund now owns 258,849 shares of the semiconductor company’s stock worth $14,501,000 after purchasing an additional 10,270 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Kulicke and Soffa Industries by 21.3% in the 1st quarter. Russell Investments Group Ltd. now owns 469,404 shares of the semiconductor company’s stock valued at $26,296,000 after buying an additional 82,288 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Company Profile (Get Rating)

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.

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Earnings History and Estimates for Kulicke and Soffa Industries (NASDAQ:KLIC)

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