Equities Analysts Set Expectations for KLIC FY2025 Earnings

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Analysts at DA Davidson dropped their FY2025 earnings per share estimates for Kulicke and Soffa Industries in a report released on Friday, November 15th. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $1.32 for the year, down from their prior estimate of $1.52. DA Davidson currently has a “Buy” rating and a $60.00 target price on the stock. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $1.32 per share.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, November 13th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 0.92% and a negative net margin of 9.77%. The business had revenue of $181.30 million for the quarter, compared to analyst estimates of $180.03 million. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s revenue for the quarter was down 10.4% on a year-over-year basis.

A number of other research analysts also recently commented on the company. Needham & Company LLC raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday, November 15th. StockNews.com downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. Craig Hallum reduced their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, TD Cowen upped their price objective on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kulicke and Soffa Industries presently has an average rating of “Hold” and a consensus target price of $52.40.

Kulicke and Soffa Industries Price Performance

Kulicke and Soffa Industries stock opened at $45.58 on Monday. The stock’s fifty day moving average price is $44.42 and its two-hundred day moving average price is $45.36. The firm has a market cap of $2.46 billion, a PE ratio of -37.06 and a beta of 1.38. Kulicke and Soffa Industries has a one year low of $38.20 and a one year high of $56.71.

Institutional Trading of Kulicke and Soffa Industries

A number of hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in Kulicke and Soffa Industries by 7.6% in the 1st quarter. ProShare Advisors LLC now owns 11,212 shares of the semiconductor company’s stock valued at $564,000 after buying an additional 788 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Kulicke and Soffa Industries by 4.7% during the first quarter. Vanguard Group Inc. now owns 2,841,236 shares of the semiconductor company’s stock valued at $142,943,000 after acquiring an additional 128,026 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Kulicke and Soffa Industries during the first quarter worth $571,000. MQS Management LLC bought a new stake in shares of Kulicke and Soffa Industries in the first quarter worth $265,000. Finally, Rodgers Brothers Inc. increased its holdings in Kulicke and Soffa Industries by 84.7% in the first quarter. Rodgers Brothers Inc. now owns 51,025 shares of the semiconductor company’s stock valued at $2,567,000 after purchasing an additional 23,400 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries declared that its Board of Directors has approved a stock buyback 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 repurchase up to 11.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Kulicke and Soffa Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, January 7th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Thursday, December 19th. This is a boost from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. Kulicke and Soffa Industries’s dividend payout ratio is presently -65.04%.

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.