Kulicke and Soffa Industries (KLIC) Scheduled to Post Quarterly Earnings on Wednesday

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Kulicke and Soffa Industries has set its Q1 guidance at $0.18-$0.22 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) last posted its quarterly earnings data on Wednesday, November 16th. The semiconductor company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.91 by $0.28. The business had revenue of $286.31 million during the quarter, compared to the consensus estimate of $280.00 million. Kulicke and Soffa Industries had a net margin of 28.83% and a return on equity of 38.40%. On average, analysts expect Kulicke and Soffa Industries to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $51.39 on Wednesday. The company has a market capitalization of $2.92 billion, a PE ratio of 7.28 and a beta of 1.33. The company has a fifty day moving average of $47.21 and a 200 day moving average of $44.79. Kulicke and Soffa Industries has a 1 year low of $35.95 and a 1 year high of $62.16.

Kulicke and Soffa Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 9th. Investors of record on Thursday, December 22nd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, December 21st. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.48%. Kulicke and Soffa Industries’s payout ratio is currently 10.76%.

Insider Transactions at Kulicke and Soffa Industries

In other news, SVP Robert Nestor Chylak sold 3,178 shares of the business’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $48.98, for a total transaction of $155,658.44. Following the completion of the sale, the senior vice president now owns 23,693 shares of the company’s stock, valued at $1,160,483.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Fusen Ernie Chen sold 24,559 shares of the company’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $47.48, for a total transaction of $1,166,061.32. Following the completion of the sale, the chief executive officer now owns 975,097 shares of the company’s stock, valued at approximately $46,297,605.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert Nestor Chylak sold 3,178 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $48.98, for a total transaction of $155,658.44. Following the sale, the senior vice president now directly owns 23,693 shares of the company’s stock, valued at approximately $1,160,483.14. The disclosure for this sale can be found here. Insiders sold 71,749 shares of company stock valued at $3,346,757 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in Kulicke and Soffa Industries in the 1st quarter valued at about $1,721,000. Thomas White International Ltd. increased its position in shares of Kulicke and Soffa Industries by 4.2% in the 1st quarter. Thomas White International Ltd. now owns 116,349 shares of the semiconductor company’s stock valued at $6,518,000 after purchasing an additional 4,682 shares during the last quarter. First Trust Advisors LP grew its position in shares of Kulicke and Soffa Industries by 33.7% in the 1st quarter. First Trust Advisors LP now owns 25,945 shares of the semiconductor company’s stock valued at $1,453,000 after buying an additional 6,540 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Kulicke and Soffa Industries by 1.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 208,417 shares of the semiconductor company’s stock worth $11,676,000 after acquiring an additional 3,332 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Kulicke and Soffa Industries by 122.7% in the first quarter. Baird Financial Group Inc. now owns 12,382 shares of the semiconductor company’s stock valued at $694,000 after purchasing an additional 6,823 shares during the period. 98.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on KLIC. StockNews.com began coverage on shares of Kulicke and Soffa Industries in a report on Wednesday, October 12th. They issued a “hold” rating for the company. B. Riley cut their price objective on shares of Kulicke and Soffa Industries from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Finally, DA Davidson boosted their target price on shares of Kulicke and Soffa Industries from $55.00 to $60.00 in a research note on Friday, November 18th.

Kulicke and Soffa Industries Company Profile

(Get Rating)

Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of capital equipment and tools used to assemble semiconductor devices, including integrated circuits (“ICs“), high and low powered discrete devices, light-emitting diodes (“LEDs“), and power modules. The firm operates through the Capital Equipment, and Aftermarket Products and Services (APS) segments.

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Earnings History for Kulicke and Soffa Industries (NASDAQ:KLIC)

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