Q3 2024 EPS Estimates for Kulicke and Soffa Industries, Inc. Decreased by Analyst (NASDAQ:KLIC)

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for shares of Kulicke and Soffa Industries in a research note issued to investors on Thursday, May 2nd. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $0.30 per share for the quarter, down from their prior 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.

Several other equities analysts have also recently issued reports on the company. TheStreet cut 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $59.00.

Kulicke and Soffa Industries Stock Performance

NASDAQ KLIC opened at $47.00 on Friday. Kulicke and Soffa Industries has a one year low of $40.20 and a one year high of $60.20. The firm has a market cap of $2.65 billion, a PE ratio of -39.50 and a beta of 1.48. The firm’s fifty day moving average is $48.18 and its two-hundred day moving average is $49.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19). Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.14%. The business had revenue of $172.10 million during 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 business’s revenue was down .5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KLIC. SRS Capital Advisors Inc. lifted its position in shares of Kulicke and Soffa Industries by 340.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 443 shares during the period. Principal Securities Inc. acquired a new position in Kulicke and Soffa Industries during the fourth quarter worth $33,000. Blue Trust Inc. boosted its position in Kulicke and Soffa Industries by 224.6% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 465 shares in the last quarter. CWM LLC grew its holdings in Kulicke and Soffa Industries by 120.7% in the fourth quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 426 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at $40,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 8,771 shares of the 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 completion of the transaction, the senior vice president now owns 24,240 shares in the company, valued at $1,187,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Kulicke and Soffa Industries Announces Dividend

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