DA Davidson Issues Pessimistic Estimate for KLIC Earnings

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Analysts at DA Davidson cut their FY2025 earnings estimates for shares of Kulicke and Soffa Industries in a note issued to investors on Friday, November 15th. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings of $1.32 per share for the year, down from their previous forecast of $1.52. DA Davidson has a “Buy” rating and a $60.00 price target on the stock. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $1.32 per share.

A number of other equities research analysts also recently commented on KLIC. StockNews.com downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Needham & Company LLC upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Friday. Craig Hallum decreased their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, TD Cowen increased their target price on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.40.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $46.33 on Monday. The firm has a fifty day moving average of $44.27 and a two-hundred day moving average of $45.36. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -37.55 and a beta of 1.38. Kulicke and Soffa Industries has a 52 week low of $38.20 and a 52 week high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, November 13th. The semiconductor company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 0.92% and a negative net margin of 9.77%. The business had revenue of $181.30 million for the quarter, compared to analyst estimates of $180.03 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Several institutional investors have recently added to or reduced their stakes in KLIC. Barclays PLC boosted its position in shares of Kulicke and Soffa Industries by 85.2% during the third quarter. Barclays PLC now owns 96,604 shares of the semiconductor company’s stock worth $4,361,000 after buying an additional 44,429 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Kulicke and Soffa Industries during the 3rd quarter worth approximately $53,000. Kovitz Investment Group Partners LLC raised its holdings in shares of Kulicke and Soffa Industries by 27.8% in the third quarter. Kovitz Investment Group Partners LLC now owns 88,712 shares of the semiconductor company’s stock valued at $3,977,000 after purchasing an additional 19,279 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Kulicke and Soffa Industries by 32.4% in the third quarter. Stifel Financial Corp now owns 48,328 shares of the semiconductor company’s stock valued at $2,181,000 after purchasing an additional 11,836 shares during the last quarter. Finally, Systematic Financial Management LP lifted its position in shares of Kulicke and Soffa Industries by 59.7% in the third quarter. Systematic Financial Management LP now owns 140,269 shares of the semiconductor company’s stock worth $6,330,000 after purchasing an additional 52,419 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 13th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Kulicke and Soffa Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, December 19th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -65.04%.

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.