Q3 2024 EPS Estimates for Kulicke and Soffa Industries, Inc. Decreased by Analyst (NASDAQ:KLIC)

Kulicke and Soffa Industries, Inc. (NASDAQ:KLICFree Report) – Equities researchers at B. Riley dropped their Q3 2024 earnings estimates for Kulicke and Soffa Industries in a research note issued on Thursday, February 1st. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $0.39 for the quarter, down from their prior forecast of $0.59. B. Riley currently has a “Neutral” rating and a $56.00 price target on the stock. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $1.87 per share. B. Riley also issued estimates for Kulicke and Soffa Industries’ FY2024 earnings at $1.55 EPS.

Kulicke and Soffa Industries (NASDAQ:KLICGet Free Report) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. Kulicke and Soffa Industries had a net margin of 7.03% and a return on equity of 8.55%. The business had revenue of $171.19 million during the quarter, compared to the consensus estimate of $170.00 million. During the same quarter in the previous year, the firm posted $0.37 EPS.

A number of other equities analysts have also recently issued reports on the stock. TheStreet cut shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. Craig Hallum raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Read Our Latest Analysis on Kulicke and Soffa Industries

Kulicke and Soffa Industries Stock Up 1.5 %

Shares of Kulicke and Soffa Industries stock opened at $47.61 on Monday. The company has a 50-day simple moving average of $52.48 and a two-hundred day simple moving average of $50.33. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 52.90 and a beta of 1.50. Kulicke and Soffa Industries has a twelve month low of $40.20 and a twelve month high of $60.20.

Kulicke and Soffa Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Thursday, December 21st were given a $0.20 dividend. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Wednesday, December 20th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 88.89%.

Insider Activity

In related news, SVP Nelson Munpun Wong sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $51.94, for a total value of $519,400.00. Following the sale, the senior vice president now directly owns 195,235 shares of the company’s stock, valued at $10,140,505.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Lester A. Wong sold 55,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $55.51, for a total transaction of $3,053,050.00. Following the sale, the chief financial officer now owns 121,702 shares in the company, valued at approximately $6,755,678.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Nelson Munpun Wong sold 10,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $51.94, for a total transaction of $519,400.00. Following the completion of the transaction, the senior vice president now owns 195,235 shares in the company, valued at approximately $10,140,505.90. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Kulicke and Soffa Industries by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 657,783 shares of the semiconductor company’s stock valued at $35,994,000 after purchasing an additional 21,687 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Kulicke and Soffa Industries by 340.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 443 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Kulicke and Soffa Industries by 3.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,995,493 shares of the semiconductor company’s stock valued at $163,913,000 after purchasing an additional 91,934 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at $981,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Kulicke and Soffa Industries by 6.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 50,812 shares of the semiconductor company’s stock valued at $2,780,000 after purchasing an additional 3,260 shares in the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.

Kulicke and Soffa Industries Company Profile

(Get Free Report)

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.

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

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