Kulicke and Soffa Industries (NASDAQ:KLIC) Posts Earnings Results, Beats Expectations By $0.08 EPS

Kulicke and Soffa Industries (NASDAQ:KLIC) released its quarterly earnings data on Thursday. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08, Briefing.com reports. Kulicke and Soffa Industries had a return on equity of 8.92% and a net margin of 7.70%. The company had revenue of $202.32 million during the quarter, compared to analysts’ expectations of $200.17 million. During the same period last year, the firm posted $1.19 earnings per share. The business’s revenue was down 29.3% on a year-over-year basis.

Kulicke and Soffa Industries Trading Up 3.4 %

NASDAQ:KLIC opened at $50.65 on Friday. The stock has a market cap of $2.86 billion, a P/E ratio of 51.16 and a beta of 1.41. The stock has a 50 day simple moving average of $46.06 and a 200 day simple moving average of $51.17. Kulicke and Soffa Industries has a 1-year low of $40.20 and a 1-year high of $60.20.

Kulicke and Soffa Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Thursday, December 21st will be issued a dividend of $0.20 per share. This is a boost from Kulicke and Soffa Industries’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, December 20th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 76.77%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KLIC shares. Craig Hallum raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Friday. StockNews.com started coverage on Kulicke and Soffa Industries in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, B. Riley lifted their price target on Kulicke and Soffa Industries from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, CEO Fusen Ernie Chen sold 30,000 shares of Kulicke and Soffa Industries stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $47.11, for a total value of $1,413,300.00. Following the transaction, the chief executive officer now owns 1,094,380 shares in the company, valued at approximately $51,556,241.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Robert Nestor Chylak sold 4,084 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $48.88, for a total transaction of $199,625.92. Following the sale, the senior vice president now owns 19,609 shares in the company, valued at approximately $958,487.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Fusen Ernie Chen sold 30,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $47.11, for a total value of $1,413,300.00. Following the sale, the chief executive officer now owns 1,094,380 shares in the company, valued at approximately $51,556,241.80. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in Kulicke and Soffa Industries by 4.9% during the 3rd quarter. Captrust Financial Advisors now owns 6,359 shares of the semiconductor company’s stock worth $245,000 after buying an additional 298 shares during the period. First Horizon Advisors Inc. lifted its holdings in Kulicke and Soffa Industries by 37.7% during the 1st quarter. First Horizon Advisors Inc. now owns 1,259 shares of the semiconductor company’s stock worth $66,000 after buying an additional 345 shares during the period. Pathstone Family Office LLC lifted its holdings in Kulicke and Soffa Industries by 7.6% during the 4th quarter. Pathstone Family Office LLC now owns 6,459 shares of the semiconductor company’s stock worth $306,000 after buying an additional 454 shares during the period. Guggenheim Capital LLC lifted its holdings in Kulicke and Soffa Industries by 7.5% during the 1st quarter. Guggenheim Capital LLC now owns 6,707 shares of the semiconductor company’s stock worth $376,000 after buying an additional 468 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Kulicke and Soffa Industries by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 30,857 shares of the semiconductor company’s stock worth $1,501,000 after buying an additional 492 shares during the period. Institutional investors own 98.49% of the company’s stock.

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 two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.