Q3 2024 EPS Estimates for Kulicke and Soffa Industries, Inc. Reduced by B. Riley (NASDAQ:KLIC)

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Stock analysts at B. Riley reduced their Q3 2024 earnings estimates for Kulicke and Soffa Industries in a research report issued on Thursday, May 2nd. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings per share of $0.30 for the quarter, down from their previous forecast of $0.39. 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 $1.69 per share. B. Riley also issued estimates for Kulicke and Soffa Industries’ Q3 2025 earnings at $0.51 EPS and Q4 2025 earnings at $0.61 EPS.

Several other research firms have also issued reports on KLIC. TheStreet lowered shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Kulicke and Soffa Industries in a report on Friday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of “Hold” and a consensus price target of $59.00.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $47.00 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of -39.50 and a beta of 1.48. Kulicke and Soffa Industries has a 1 year low of $40.20 and a 1 year high of $60.20. The firm has a 50-day moving average of $48.18 and a 200 day moving average of $49.22.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.19). The firm 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 business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS.

Kulicke and Soffa Industries Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP Robert Nestor Chylak sold 8,771 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total transaction of $429,515.87. Following the transaction, the senior vice president now directly owns 24,240 shares of the company’s stock, valued at $1,187,032.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Large investors have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. grew its holdings in shares of Kulicke and Soffa Industries by 340.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 443 shares during the period. Principal Securities Inc. bought a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at about $33,000. Blue Trust Inc. increased its position in shares of Kulicke and Soffa Industries by 224.6% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 465 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $40,000. Finally, CWM LLC boosted its holdings in shares of Kulicke and Soffa Industries by 120.7% in the fourth quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after buying an additional 426 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.