Kulicke and Soffa Industries (NASDAQ:KLIC) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Kulicke and Soffa Industries (NASDAQ:KLIC) announced its quarterly earnings results on Thursday. The semiconductor company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01, Briefing.com reports. The business had revenue of $127.11 million during the quarter, compared to analysts’ expectations of $128.70 million. Kulicke and Soffa Industries had a return on equity of 12.85% and a net margin of 12.91%. The firm’s quarterly revenue was down 52.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. Kulicke and Soffa Industries updated its Q4 2019 guidance to EPS.

Kulicke and Soffa Industries stock traded up $0.52 during trading hours on Friday, reaching $22.18. 972,372 shares of the company were exchanged, compared to its average volume of 476,217. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 3.66 and a beta of 1.34. The company has a current ratio of 7.19, a quick ratio of 6.35 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $22.30. Kulicke and Soffa Industries has a 12 month low of $17.40 and a 12 month high of $27.45.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.16%. Kulicke and Soffa Industries’s payout ratio is currently 19.75%.

In related news, Director Peter T. M. Kong bought 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was purchased at an average price of $19.37 per share, with a total value of $193,700.00. Following the completion of the transaction, the director now directly owns 64,690 shares of the company’s stock, valued at $1,253,045.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC boosted its position in Kulicke and Soffa Industries by 103.1% during the fourth quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 631 shares during the period. Versant Capital Management Inc boosted its position in Kulicke and Soffa Industries by 758.3% during the first quarter. Versant Capital Management Inc now owns 1,399 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 1,236 shares during the period. Icon Wealth Partners LLC bought a new stake in Kulicke and Soffa Industries during the first quarter worth approximately $36,000. Financial Gravity Wealth Inc. boosted its position in Kulicke and Soffa Industries by 348.4% during the second quarter. Financial Gravity Wealth Inc. now owns 1,780 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 1,383 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in Kulicke and Soffa Industries during the first quarter worth approximately $46,000. 88.98% of the stock is owned by hedge funds and other institutional investors.

KLIC has been the subject of several recent research reports. ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. Zacks Investment Research cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday. DA Davidson cut Kulicke and Soffa Industries from a “buy” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $26.00 in a research note on Monday, July 8th. Finally, BidaskClub raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Kulicke and Soffa Industries currently has an average rating of “Hold” and an average target price of $27.20.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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

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