Kulicke and Soffa Industries (NASDAQ:KLIC) Releases 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 analysts’ consensus estimates of $0.35 by ($0.01), Briefing.com reports. The company had revenue of $181.30 million for the quarter, compared to analyst estimates 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 last year, the firm 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 Stock Up 1.3 %

Shares of NASDAQ:KLIC traded up $0.58 on Friday, reaching $46.19. The company had a trading volume of 1,366,997 shares, compared to its average volume of 500,819. Kulicke and Soffa Industries has a twelve month low of $38.20 and a twelve month high of $56.71. The stock has a 50-day moving average price of $44.27 and a 200 day moving average price of $45.36. The stock has a market capitalization of $2.52 billion, a P/E ratio of -37.55 and a beta of 1.38.

Kulicke and Soffa Industries Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KLIC shares. DA Davidson cut their target price on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday. Craig Hallum lowered their price target 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. Needham & Company LLC upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Friday. TD Cowen lifted their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a report on Friday. Finally, StockNews.com downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.40.

Kulicke and Soffa Industries announced that its Board of Directors has authorized a share repurchase program on Wednesday, November 13th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 11.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.