Q1 2024 Earnings Forecast for Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Issued By DA Davidson

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – DA Davidson issued their Q1 2024 earnings per share (EPS) estimates for Kulicke and Soffa Industries in a research report issued on Friday, November 17th. DA Davidson analyst T. Diffely expects that the semiconductor company will post earnings per share of $0.29 for the quarter. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $2.29 per share.

KLIC has been the subject of several other reports. StockNews.com started coverage on Kulicke and Soffa Industries in a report on Thursday, October 5th. They set a “hold” rating for the company. Craig Hallum raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday. Finally, B. Riley lifted their price target on Kulicke and Soffa Industries from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday.

Kulicke and Soffa Industries Trading Up 0.8 %

NASDAQ:KLIC opened at $51.04 on Monday. The stock has a market cap of $2.88 billion, a P/E ratio of 51.56 and a beta of 1.41. The stock has a 50 day simple moving average of $46.10 and a 200 day simple moving average of $51.26. Kulicke and Soffa Industries has a 1-year low of $40.20 and a 1-year high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, November 16th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The company had revenue of $202.32 million during the quarter, compared to analysts’ expectations of $200.17 million. Kulicke and Soffa Industries had a return on equity of 8.92% and a net margin of 7.70%. The business’s revenue was down 29.3% on a year-over-year basis. During the same period last year, the firm posted $1.19 earnings per share.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Several hedge funds and other institutional investors have recently modified their holdings of KLIC. Raymond James & Associates increased its stake in shares of Kulicke and Soffa Industries by 12.2% in the 1st quarter. Raymond James & Associates now owns 21,762 shares of the semiconductor company’s stock valued at $1,219,000 after purchasing an additional 2,368 shares during the last quarter. Natixis Advisors L.P. bought a new position in shares of Kulicke and Soffa Industries in the 1st quarter valued at $602,000. MetLife Investment Management LLC boosted its holdings in shares of Kulicke and Soffa Industries by 46.5% during the 1st quarter. MetLife Investment Management LLC now owns 31,834 shares of the semiconductor company’s stock valued at $1,783,000 after acquiring an additional 10,110 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Kulicke and Soffa Industries by 7.9% during the 1st quarter. Rhumbline Advisers now owns 150,077 shares of the semiconductor company’s stock valued at $8,407,000 after acquiring an additional 10,932 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Kulicke and Soffa Industries by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 59,215 shares of the semiconductor company’s stock valued at $3,317,000 after acquiring an additional 1,190 shares in the last quarter. Institutional investors own 98.49% of the company’s stock.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 4,084 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $48.88, for a total transaction of $199,625.92. Following the transaction, the senior vice president now owns 19,609 shares in the company, valued at approximately $958,487.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 4,084 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $48.88, for a total transaction of $199,625.92. Following the transaction, the senior vice president now owns 19,609 shares in the company, valued at approximately $958,487.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Fusen Ernie Chen sold 30,000 shares of Kulicke and Soffa Industries stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $47.11, for a total value of $1,413,300.00. Following the completion of the transaction, the chief executive officer now owns 1,094,380 shares in the company, valued at approximately $51,556,241.80. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

Kulicke and Soffa Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, December 20th. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.19. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 76.77%.

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 two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.