Kulicke and Soffa Industries (NASDAQ:KLIC) Announces Earnings Results

Kulicke and Soffa Industries (NASDAQ:KLIC) announced its earnings results on Wednesday. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19), Briefing.com reports. The business had revenue of $172.10 million for the quarter, compared to analyst estimates of $170.20 million. Kulicke and Soffa Industries had a return on equity of 8.55% and a net margin of 7.03%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 EPS. Kulicke and Soffa Industries updated its Q3 guidance to $0.27-0.33 EPS and its Q3 2024 guidance to 0.270-0.330 EPS.

Kulicke and Soffa Industries Price Performance

KLIC stock traded up $1.66 during trading on Thursday, reaching $46.02. 988,278 shares of the company were exchanged, compared to its average volume of 479,934. Kulicke and Soffa Industries has a twelve month low of $40.20 and a twelve month high of $60.20. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 51.13 and a beta of 1.48. The company has a 50-day moving average of $48.29 and a two-hundred day moving average of $49.22.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 88.89%.

Analysts Set New Price Targets

Separately, TheStreet downgraded Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st.

Insider Buying and Selling at Kulicke and Soffa Industries

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

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.