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

Kulicke and Soffa Industries (NASDAQ:KLIC) announced its 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 company had revenue of $181.30 million for the quarter, compared to the consensus estimate of $180.03 million. Kulicke and Soffa Industries had a negative return on equity of 0.90% and a negative net margin of 9.77%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the prior year, the business 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 Trading Up 1.3 %

Shares of KLIC traded up $0.58 during trading hours on Friday, reaching $46.19. 1,366,997 shares of the stock traded hands, compared to its average volume of 500,819. Kulicke and Soffa Industries has a 52 week low of $38.20 and a 52 week high of $56.71. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -37.55 and a beta of 1.38. The stock has a fifty day simple moving average of $44.27 and a 200 day simple moving average of $45.36.

Kulicke and Soffa Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th will be paid a $0.205 dividend. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 19th. This represents a $0.82 annualized dividend and a dividend yield of 1.78%. Kulicke and Soffa Industries’s dividend payout ratio is presently -65.04%.

Kulicke and Soffa Industries announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 11.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KLIC shares. 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. Needham & Company LLC upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Friday. Craig Hallum cut their price target on shares of 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. TD Cowen increased their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Friday. Finally, StockNews.com downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.