Kulicke and Soffa Industries (NASDAQ:KLIC) Releases Earnings Results, Misses Estimates By $0.01 EPS

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) announced its quarterly earnings results on Wednesday. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01), Briefing.com reports. The firm had revenue of $181.30 million for 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 0.90%. The firm's quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Kulicke and Soffa Industries updated its Q1 guidance to $0.25-$0.31 EPS and its Q1 2025 guidance to 0.250-0.310 EPS.

Kulicke and Soffa Industries Stock Up 1.3 %

NASDAQ KLIC traded up $0.58 during trading on Friday, hitting $46.19. The company's stock had a trading volume of 1,366,997 shares, compared to its average volume of 500,819. The firm has a 50 day moving average price of $44.27 and a 200 day moving average price of $45.36. The firm has a market cap of $2.52 billion, a P/E ratio of -37.55 and a beta of 1.38. Kulicke and Soffa Industries has a 52 week low of $38.20 and a 52 week high of $56.71.

Kulicke and Soffa Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Thursday, December 19th will be given a $0.205 dividend. This is an increase from Kulicke and Soffa Industries's previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, December 19th. Kulicke and Soffa Industries's payout ratio is currently -65.04%.

Kulicke and Soffa Industries declared that its Board of Directors has approved a stock buyback program on Wednesday, November 13th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

KLIC has been the subject of several research reports. TD Cowen lifted their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a "hold" rating in a report on Friday. Needham & Company LLC raised Kulicke and Soffa Industries from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a research note on Friday. DA Davidson cut their price objective on Kulicke and Soffa Industries from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday. StockNews.com downgraded Kulicke and Soffa Industries from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Craig Hallum cut 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $52.40.

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.