Kulicke and Soffa Industries (NASDAQ:KLIC) Issues Q1 2022 Earnings Guidance

Kulicke and Soffa Industries (NASDAQ:KLIC) updated its first quarter 2022 earnings guidance on Thursday. The company provided EPS guidance of $1.690-$2.070 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.540. The company issued revenue guidance of $440 million-$480 million, compared to the consensus revenue estimate of $411.65 million.

A number of brokerages have recently weighed in on KLIC. Zacks Investment Research raised Kulicke and Soffa Industries from a hold rating to a buy rating and set a $61.00 price objective for the company in a research note on Wednesday, November 3rd. Needham & Company LLC lifted their price objective on Kulicke and Soffa Industries from $72.00 to $78.00 and gave the company a buy rating in a research note on Friday, September 24th. B. Riley lifted their price objective on Kulicke and Soffa Industries from $80.00 to $85.00 and gave the company a buy rating in a research note on Friday, September 17th. Craig Hallum lifted their target price on Kulicke and Soffa Industries from $64.00 to $88.00 and gave the company a buy rating in a report on Friday, August 6th. Finally, DA Davidson lifted their target price on Kulicke and Soffa Industries from $90.00 to $100.00 and gave the company a buy rating in a report on Friday, September 24th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of Buy and an average target price of $82.40.

NASDAQ:KLIC traded down $0.24 during midday trading on Thursday, reaching $60.01. The company had a trading volume of 564,274 shares, compared to its average volume of 969,533. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 10.36 and a beta of 1.27. The stock’s fifty day simple moving average is $57.80 and its 200-day simple moving average is $58.18. Kulicke and Soffa Industries has a 12-month low of $29.90 and a 12-month high of $75.29.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, November 17th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.04. Kulicke and Soffa Industries had a return on equity of 41.70% and a net margin of 24.19%. During the same period last year, the firm earned $0.29 earnings per share. As a group, equities research analysts predict that Kulicke and Soffa Industries will post 5.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 10th. Shareholders of record on Thursday, December 23rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, December 22nd. Kulicke and Soffa Industries’s payout ratio is 9.67%.

In other Kulicke and Soffa Industries news, VP Stephen Ray Drake sold 1,199 shares of Kulicke and Soffa Industries stock in a transaction dated Tuesday, September 7th. The stock was sold at an average price of $74.71, for a total transaction of $89,577.29. Following the completion of the sale, the vice president now directly owns 12,930 shares of the company’s stock, valued at approximately $966,000.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by insiders.

An institutional investor recently raised its position in Kulicke and Soffa Industries stock. Morgan Stanley increased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 8.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 397,499 shares of the semiconductor company’s stock after purchasing an additional 31,016 shares during the period. Morgan Stanley owned 0.64% of Kulicke and Soffa Industries worth $24,326,000 at the end of the most recent quarter. Institutional investors own 94.47% of the company’s stock.

Kulicke and Soffa Industries Company Profile

Kulicke & Soffa Industries, Inc engages in the designing, manufacturing, and sale of tools used to assemble semiconductor devices, including integrated circuits, high and low powered discrete devices, light-emitting diodes, and power modules. It operates through the Capital Equipment and Aftermarket Products & Services (APS) segments.

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

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