Equities Analysts Offer Predictions for Kulicke and Soffa Industries, Inc.’s Q3 2024 Earnings (NASDAQ:KLIC)

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – DA Davidson issued their Q3 2024 EPS estimates for Kulicke and Soffa Industries in a note issued to investors on Friday, May 3rd. DA Davidson analyst T. Diffely anticipates that the semiconductor company will post earnings of $0.30 per share for the quarter. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $1.20 per share. DA Davidson also issued estimates for Kulicke and Soffa Industries’ FY2025 earnings at $3.05 EPS.

KLIC has been the subject of a number of other reports. Needham & Company LLC reiterated a “hold” rating on shares of Kulicke and Soffa Industries in a research note on Friday. B. Riley lowered their price objective on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday. Finally, TheStreet lowered shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of “Hold” and a consensus price target of $59.00.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC stock opened at $47.00 on Monday. Kulicke and Soffa Industries has a fifty-two week low of $40.20 and a fifty-two week high of $60.20. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -39.50 and a beta of 1.48. The stock’s 50-day simple moving average is $48.18 and its 200-day simple moving average is $49.25.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share for the quarter, missing analysts’ consensus estimates 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 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 business earned $0.38 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year.

Institutional Trading of Kulicke and Soffa Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its position in shares of Kulicke and Soffa Industries by 3.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,995,493 shares of the semiconductor company’s stock valued at $163,913,000 after acquiring an additional 91,934 shares during the period. American Century Companies Inc. increased its position in shares of Kulicke and Soffa Industries by 9.8% in the third quarter. American Century Companies Inc. now owns 2,821,598 shares of the semiconductor company’s stock valued at $137,214,000 after buying an additional 251,773 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Kulicke and Soffa Industries by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 2,713,210 shares of the semiconductor company’s stock worth $148,467,000 after buying an additional 42,778 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Kulicke and Soffa Industries by 19.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 820,529 shares of the semiconductor company’s stock valued at $39,903,000 after buying an additional 131,679 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Kulicke and Soffa Industries by 1.4% in the 3rd quarter. Northern Trust Corp now owns 676,437 shares of the semiconductor company’s stock valued at $32,895,000 after acquiring an additional 9,243 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Robert Nestor Chylak sold 8,771 shares of the 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 sale, 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 can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th were given a dividend of $0.20 per share. 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.