DA Davidson Has Negative Forecast for KLIC FY2025 Earnings

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) – Equities researchers at DA Davidson reduced their FY2025 EPS estimates for shares of Kulicke and Soffa Industries in a research report issued on Friday, November 15th. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will earn $1.32 per share for the year, down from their prior forecast of $1.52. DA Davidson currently has a “Buy” rating and a $60.00 target price on the stock. The consensus estimate for Kulicke and Soffa Industries’ current full-year earnings is $1.32 per share.

KLIC has been the topic of a number of other reports. Craig Hallum reduced their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. TD Cowen increased their price target on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday. StockNews.com lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Finally, Needham & Company LLC upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Kulicke and Soffa Industries has a consensus rating of “Hold” and an average price target of $52.40.

Kulicke and Soffa Industries Stock Up 1.3 %

Shares of NASDAQ:KLIC opened at $46.19 on Monday. The company’s fifty day moving average is $44.27 and its 200 day moving average is $45.35. The stock has a market cap of $2.52 billion, a PE 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 released its quarterly earnings data on Wednesday, November 13th. The semiconductor company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Kulicke and Soffa Industries had a negative net margin of 9.77% and a negative return on equity of 0.92%. The firm had revenue of $181.30 million during the quarter, compared to the consensus estimate of $180.03 million. During the same quarter last year, the business posted $0.51 earnings per share. Kulicke and Soffa Industries’s revenue was down 10.4% compared to the same quarter last year.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its position in Kulicke and Soffa Industries by 137.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 414 shares during the period. Signaturefd LLC increased its holdings in shares of Kulicke and Soffa Industries by 226.3% during the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 543 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Kulicke and Soffa Industries during the 3rd quarter valued at approximately $53,000. Blue Trust Inc. increased its holdings in Kulicke and Soffa Industries by 17,075.0% in the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 1,366 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Kulicke and Soffa Industries in the second quarter valued at $73,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.78%. This is an increase 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 is presently -65.04%.

Kulicke and Soffa Industries declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 13th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.