Kulicke and Soffa Industries (NASDAQ:KLIC) Updates Q1 Earnings Guidance

Kulicke and Soffa Industries (NASDAQ:KLIC) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.25-$0.31 for the period, compared to the consensus estimate of $0.33. The company issued revenue guidance of $155-$175 million, compared to the consensus revenue estimate of $183.58 million. Kulicke and Soffa Industries also updated its Q1 2025 guidance to 0.250-0.310 EPS.

Kulicke and Soffa Industries Stock Up 1.3 %

NASDAQ:KLIC opened at $46.19 on Friday. The business’s 50-day simple moving average is $44.12 and its two-hundred day simple moving average is $45.37. Kulicke and Soffa Industries has a 52 week low of $38.20 and a 52 week high of $56.71. The stock has a market cap of $2.52 billion, a PE ratio of -37.55 and a beta of 1.38.

Kulicke and Soffa Industries Increases Dividend

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

Kulicke and Soffa Industries announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 13th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes 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 of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Needham & Company LLC raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Friday. TD Cowen increased 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 report on Friday. Craig Hallum decreased their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report 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. Finally, DA Davidson lowered their target price on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Friday. One 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 MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.40.

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.