Kulicke and Soffa Industries (NASDAQ:KLIC) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Kulicke and Soffa Industries (NASDAQ:KLIC) announced its earnings results on Wednesday. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.11, FiscalAI reports. Kulicke and Soffa Industries had a net margin of 0.03% and a negative return on equity of 1.64%. The business had revenue of $199.63 million for the quarter, compared to analyst estimates of $190.03 million.

Kulicke and Soffa Industries Stock Performance

KLIC stock traded down $1.53 on Wednesday, reaching $55.67. The company had a trading volume of 1,042,128 shares, compared to its average volume of 742,022. The company has a market cap of $2.91 billion, a P/E ratio of -2,782.11 and a beta of 1.67. Kulicke and Soffa Industries has a 1 year low of $26.63 and a 1 year high of $60.00. The company’s fifty day moving average is $51.15 and its 200 day moving average is $42.81.

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Thursday, December 18th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.82 annualized dividend and a yield of 1.5%. Kulicke and Soffa Industries’s payout ratio is currently -4,100.00%.

Analyst Upgrades and Downgrades

KLIC has been the topic of several research reports. Needham & Company LLC increased their target price on shares of Kulicke and Soffa Industries from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. DA Davidson reiterated a “buy” rating and issued a $55.00 price objective on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Sunday, January 25th. Finally, B. Riley reiterated a “neutral” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.00.

Insider Transactions at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $56.53, for a total transaction of $1,695,900.00. Following the sale, the senior vice president directly owned 126,369 shares in the company, valued at approximately $7,143,639.57. This trade represents a 19.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Zi Yao Lim sold 1,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the transaction, the general counsel owned 23,714 shares of the company’s stock, valued at $1,067,130. This trade represents a 4.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 36,204 shares of company stock worth $2,003,450. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. lifted its position in shares of Kulicke and Soffa Industries by 1.7% in the second quarter. Baird Financial Group Inc. now owns 22,897 shares of the semiconductor company’s stock worth $792,000 after buying an additional 382 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Kulicke and Soffa Industries by 1.0% during the 2nd quarter. California State Teachers Retirement System now owns 50,263 shares of the semiconductor company’s stock worth $1,739,000 after purchasing an additional 516 shares in the last quarter. Amundi lifted its holdings in shares of Kulicke and Soffa Industries by 5.0% during the 3rd quarter. Amundi now owns 11,569 shares of the semiconductor company’s stock worth $479,000 after acquiring an additional 554 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Kulicke and Soffa Industries by 31.3% in the 2nd quarter. Osaic Holdings Inc. now owns 2,763 shares of the semiconductor company’s stock worth $95,000 after buying an additional 659 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Kulicke and Soffa Industries in the 3rd quarter valued at $29,000. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Company Profile

Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.

Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.