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

Kulicke and Soffa Industries (NASDAQ:KLIC) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.25-$0.31 for the period, compared to the consensus estimate of $0.33. The company issued revenue guidance of $155-$175 million, compared to the consensus revenue estimate of $183.58 million. Kulicke and Soffa Industries also updated its Q1 2025 guidance to 0.250-0.310 EPS.

Wall Street Analyst Weigh In

KLIC has been the subject of several research reports. StockNews.com cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Tuesday. TD Cowen cut their price target on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Finally, Craig Hallum lowered their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $47.33.

Kulicke and Soffa Industries Trading Down 3.1 %

Shares of Kulicke and Soffa Industries stock opened at $45.61 on Friday. The firm has a fifty day moving average of $44.00 and a two-hundred day moving average of $45.36. Kulicke and Soffa Industries has a 52 week low of $38.20 and a 52 week high of $56.71.

Kulicke and Soffa Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, January 7th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.80%. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. Kulicke and Soffa Industries’s dividend payout ratio is currently -65.04%.

Kulicke and Soffa Industries declared that its board has initiated a stock buyback program on Wednesday, November 13th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the semiconductor company to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Kulicke and Soffa Industries Company Profile

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.