Kulicke and Soffa Industries (NASDAQ:KLIC) Issues Quarterly Earnings Results

Kulicke and Soffa Industries (NASDAQ:KLIC) released its quarterly earnings data on Wednesday. The semiconductor company reported ($0.95) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19), Briefing.com reports. The company had revenue of $172.10 million for the quarter, compared to the consensus estimate of $170.20 million. Kulicke and Soffa Industries had a return on equity of 8.55% and a net margin of 7.03%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. 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 NASDAQ:KLIC traded up $1.66 on Thursday, reaching $46.02. 988,278 shares of the company’s stock were exchanged, compared to its average volume of 479,934. Kulicke and Soffa Industries has a twelve month low of $40.20 and a twelve month high of $60.20. The company has a fifty day moving average of $48.29 and a 200-day moving average of $49.22. The company 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date 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 firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total value of $429,515.87. Following the transaction, the senior vice president now directly owns 24,240 shares of the company’s stock, valued at approximately $1,187,032.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report 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.