Kulicke and Soffa Industries (KLIC) Expected to Announce Quarterly Earnings on Wednesday

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect Kulicke and Soffa Industries to post earnings of $0.28 per share and revenue of $165,000.00 billion for the quarter. Kulicke and Soffa Industries has set its Q1 guidance at $0.25-$0.31 EPS and its Q1 2025 guidance at 0.250-0.310 EPS.Investors interested in listening to the company's conference call can do so using this link.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The semiconductor company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The firm 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 business's quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. On average, analysts expect Kulicke and Soffa Industries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kulicke and Soffa Industries Price Performance

KLIC stock traded down $0.94 during midday trading on Wednesday, hitting $46.57. The stock had a trading volume of 421,094 shares, compared to its average volume of 408,769. The company's 50-day moving average price is $47.82 and its 200 day moving average price is $45.64. The firm has a market cap of $2.51 billion, a PE ratio of -37.86 and a beta of 1.37. Kulicke and Soffa Industries has a 12-month low of $38.20 and a 12-month high of $56.71.

Kulicke and Soffa Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th were given a $0.205 dividend. The ex-dividend date was Thursday, December 19th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.76%. This is an increase from Kulicke and Soffa Industries's previous quarterly dividend of $0.20. Kulicke and Soffa Industries's payout ratio is currently -66.67%.

Kulicke and Soffa Industries announced that its board has initiated a share repurchase plan on Wednesday, November 13th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KLIC. DA Davidson decreased their price target on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, November 15th. TD Cowen lifted their target price on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a "hold" rating in a report on Friday, November 15th. Needham & Company LLC upgraded 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 note on Friday, November 15th. Finally, StockNews.com downgraded Kulicke and Soffa Industries from a "hold" rating to a "sell" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of "Hold" and an average price target of $52.40.

Insider Activity at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, EVP Chan Pin Chong sold 9,730 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $46.07, for a total value of $448,261.10. Following the completion of the sale, the executive vice president now owns 81,916 shares of the company's stock, valued at $3,773,870.12. This trade represents a 10.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lester A. Wong sold 60,000 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $46.37, for a total transaction of $2,782,200.00. Following the transaction, the chief financial officer now directly owns 79,636 shares in the company, valued at approximately $3,692,721.32. The trade was a 42.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 221,121 shares of company stock worth $10,527,843. Corporate insiders own 0.03% 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.