FY2024 EPS Estimates for Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Reduced by Analyst

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Research analysts at B. Riley lowered their FY2024 earnings estimates for shares of Kulicke and Soffa Industries in a report released on Thursday, May 2nd. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings of $0.06 per share for the year, down from their prior estimate of $1.55. B. Riley has a “Neutral” rating and a $47.00 price objective on the stock. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $1.20 per share. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q4 2024 earnings at $0.41 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.33 EPS and FY2025 earnings at $1.69 EPS.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19). The company had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $170.20 million. Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share.

A number of other analysts have also recently commented on the stock. TheStreet cut shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Kulicke and Soffa Industries in a report on Friday. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of “Hold” and an average target price of $59.00.

Kulicke and Soffa Industries Trading Up 2.1 %

Shares of Kulicke and Soffa Industries stock opened at $47.00 on Monday. Kulicke and Soffa Industries has a 12-month low of $40.20 and a 12-month high of $60.20. The company has a market cap of $2.65 billion, a P/E ratio of -39.50 and a beta of 1.48. The company’s fifty day simple moving average is $48.18 and its two-hundred day simple moving average is $49.25.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries’s payout ratio is -67.23%.

Insider Buying and Selling

In related news, SVP Robert Nestor Chylak sold 8,771 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total value of $429,515.87. Following the transaction, the senior vice president now owns 24,240 shares in the company, valued at approximately $1,187,032.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kulicke and Soffa Industries

A number of hedge funds have recently bought and sold shares of KLIC. Verdence Capital Advisors LLC lifted its stake in Kulicke and Soffa Industries by 14.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 6,889 shares of the semiconductor company’s stock valued at $347,000 after acquiring an additional 851 shares during the period. Olstein Capital Management L.P. increased its position in shares of Kulicke and Soffa Industries by 15.9% during the 1st quarter. Olstein Capital Management L.P. now owns 201,000 shares of the semiconductor company’s stock valued at $10,112,000 after purchasing an additional 27,597 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Kulicke and Soffa Industries during the 1st quarter valued at about $26,036,000. Bridge City Capital LLC increased its position in shares of Kulicke and Soffa Industries by 28.4% during the 1st quarter. Bridge City Capital LLC now owns 55,579 shares of the semiconductor company’s stock valued at $2,796,000 after purchasing an additional 12,292 shares during the last quarter. Finally, Congress Asset Management Co. MA increased its position in shares of Kulicke and Soffa Industries by 1.3% during the 1st quarter. Congress Asset Management Co. MA now owns 138,527 shares of the semiconductor company’s stock valued at $6,969,000 after purchasing an additional 1,776 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

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.