Equities Analysts Set Expectations for KLIC FY2025 Earnings

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) - Stock analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of Kulicke and Soffa Industries in a research note issued on Friday, November 15th. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings of $1.32 per share for the year, down from their previous estimate of $1.52. DA Davidson has a "Buy" rating and a $60.00 price objective on the stock. The consensus estimate for Kulicke and Soffa Industries' current full-year earnings is $1.32 per share.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The business had revenue of $181.30 million during the quarter, compared to analyst estimates of $180.03 million. Kulicke and Soffa Industries had a negative net margin of 9.77% and a negative return on equity of 0.92%. The firm's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share.

KLIC has been the topic of a number of other reports. Craig Hallum dropped their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. StockNews.com downgraded Kulicke and Soffa Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, November 12th. Needham & Company LLC raised Kulicke and Soffa Industries from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a research report on Friday. Finally, TD Cowen increased their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries currently has a consensus rating of "Hold" and a consensus price target of $52.40.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ:KLIC traded down $0.13 during midday trading on Monday, reaching $46.06. The company's stock had a trading volume of 118,447 shares, compared to its average volume of 499,104. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -37.55 and a beta of 1.38. The firm has a 50 day moving average price of $44.27 and a two-hundred day moving average price of $45.36. Kulicke and Soffa Industries has a fifty-two week low of $38.20 and a fifty-two week high of $56.71.

Kulicke and Soffa Industries Increases Dividend

The business 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 is a positive change from Kulicke and Soffa Industries's previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Thursday, December 19th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently -65.04%.

Kulicke and Soffa Industries announced that its board has authorized a stock buyback plan on Wednesday, November 13th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 11.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Large investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in Kulicke and Soffa Industries by 127.2% during the third quarter. Creative Planning now owns 25,864 shares of the semiconductor company's stock valued at $1,167,000 after buying an additional 14,480 shares during the period. Copeland Capital Management LLC increased its holdings in shares of Kulicke and Soffa Industries by 22.0% in the third quarter. Copeland Capital Management LLC now owns 1,469,516 shares of the semiconductor company's stock worth $66,319,000 after buying an additional 264,638 shares during the period. Signaturefd LLC increased its holdings in shares of Kulicke and Soffa Industries by 226.3% in the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company's stock worth $35,000 after buying an additional 543 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Kulicke and Soffa Industries by 156.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 35,958 shares of the semiconductor company's stock valued at $1,623,000 after purchasing an additional 21,946 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Kulicke and Soffa Industries by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 671,675 shares of the semiconductor company's stock valued at $33,040,000 after purchasing an additional 73,243 shares during the period. 98.22% of the stock is owned by institutional investors.

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.