Kulicke and Soffa Industries (NASDAQ:KLIC) Releases Earnings Results, Misses Estimates By $1.19 EPS

Kulicke and Soffa Industries (NASDAQ:KLIC) announced its earnings results on Wednesday. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19), Briefing.com reports. Kulicke and Soffa Industries had a net margin of 7.03% and a return on equity of 8.55%. The firm had revenue of $172.10 million during the quarter, compared to analyst estimates of $170.20 million. During the same period in the prior year, the business posted $0.38 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Kulicke and Soffa Industries updated its Q3 guidance to $0.27-0.33 EPS and its Q3 2024 guidance to 0.270-0.330 EPS.

Kulicke and Soffa Industries Trading Up 3.7 %

Shares of Kulicke and Soffa Industries stock traded up $1.66 during trading on Thursday, hitting $46.02. 988,279 shares of the stock were exchanged, compared to its average volume of 479,934. The company has a fifty day moving average price of $48.29 and a 200-day moving average price of $49.22. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 51.13 and a beta of 1.48. Kulicke and Soffa Industries has a 1-year low of $40.20 and a 1-year high of $60.20.

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio is currently 88.89%.

Insider Activity at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 8,771 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total value of $429,515.87. Following the sale, the senior vice president now owns 24,240 shares in the company, valued at $1,187,032.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, TheStreet cut Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st.

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.