Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) - Stock analysts at DA Davidson dropped their FY2025 earnings estimates for shares of Kulicke and Soffa Industries in a note issued to investors on Thursday, February 6th. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings of $1.17 per share for the year, down from their prior forecast of $1.32. DA Davidson currently has a "Buy" rating and a $60.00 price target on the stock. The consensus estimate for Kulicke and Soffa Industries' current full-year earnings is $1.24 per share. DA Davidson also issued estimates for Kulicke and Soffa Industries' FY2026 earnings at $2.27 EPS.
A number of other equities research analysts have also issued reports on the stock. StockNews.com upgraded shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. Finally, TD Cowen boosted their price objective on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.00.
Check Out Our Latest Analysis on Kulicke and Soffa Industries
Kulicke and Soffa Industries Stock Up 0.4 %
Shares of KLIC stock traded up $0.17 during trading hours on Friday, reaching $41.59. 255,734 shares of the stock traded hands, compared to its average volume of 507,685. Kulicke and Soffa Industries has a 1-year low of $38.20 and a 1-year high of $53.71. The business has a fifty day moving average price of $46.69 and a 200 day moving average price of $45.03. The firm has a market capitalization of $2.23 billion, a PE ratio of 346.25 and a beta of 1.36.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%.
Hedge Funds Weigh In On Kulicke and Soffa Industries
A number of hedge funds have recently made changes to their positions in KLIC. Barclays PLC grew its holdings in shares of Kulicke and Soffa Industries by 85.2% in the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock worth $4,361,000 after purchasing an additional 44,429 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Kulicke and Soffa Industries by 37.4% in the 3rd quarter. Citigroup Inc. now owns 150,533 shares of the semiconductor company's stock worth $6,794,000 after purchasing an additional 40,990 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Kulicke and Soffa Industries by 27.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 88,712 shares of the semiconductor company's stock worth $3,977,000 after purchasing an additional 19,279 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Kulicke and Soffa Industries by 32.4% in the 3rd quarter. Stifel Financial Corp now owns 48,328 shares of the semiconductor company's stock worth $2,181,000 after purchasing an additional 11,836 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Kulicke and Soffa Industries by 127.2% in the 3rd quarter. Creative Planning now owns 25,864 shares of the semiconductor company's stock worth $1,167,000 after purchasing an additional 14,480 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.
Insider Activity at Kulicke and Soffa Industries
In other news, EVP Chan Pin Chong sold 9,730 shares of the stock in a transaction 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 transaction, the executive vice president now owns 81,916 shares in the company, valued at approximately $3,773,870.12. This represents a 10.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Nestor Chylak sold 11,391 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $49.52, for a total transaction of $564,082.32. Following the completion of the transaction, the senior vice president now owns 20,838 shares of the company's stock, valued at approximately $1,031,897.76. This represents a 35.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 221,121 shares of company stock worth $10,527,843 in the last ninety days. 3.40% of the stock is currently owned by insiders.
Kulicke and Soffa Industries announced that its Board of Directors has approved a share repurchase program on Wednesday, November 13th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 11.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.
Kulicke and Soffa Industries Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Thursday, December 19th were paid a dividend of $0.205 per share. This is a boost from Kulicke and Soffa Industries's previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, December 19th. Kulicke and Soffa Industries's dividend payout ratio is presently 683.33%.
About Kulicke and Soffa Industries
(
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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.
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