Kulicke and Soffa Industries (NASDAQ:KLIC) Announces Earnings Results

Kulicke and Soffa Industries (NASDAQ:KLIC) issued its earnings results on Wednesday. The semiconductor company reported ($0.95) earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $170.20 million. During the same period in the previous year, the firm earned $0.38 EPS. The firm’s revenue was down .5% on a year-over-year basis. 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 Stock Up 3.7 %

NASDAQ KLIC traded up $1.66 during mid-day trading on Thursday, hitting $46.02. The stock had a trading volume of 988,279 shares, compared to its average volume of 479,934. The company has a 50 day simple moving average of $48.29 and a 200 day simple moving average of $49.22. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 51.13 and a beta of 1.48. Kulicke and Soffa Industries has a 52-week low of $40.20 and a 52-week 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. Stockholders of record on Monday, March 25th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 88.89%.

Insider Buying and Selling at Kulicke and Soffa Industries

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

Analyst Ratings Changes

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

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.