Wall Street analysts forecast that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will report earnings of $0.34 per share for the current quarter, Zacks reports. Two analysts have made estimates for Kulicke and Soffa Industries’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.36. Kulicke and Soffa Industries posted earnings per share of $0.51 in the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, November 19th.
According to Zacks, analysts expect that Kulicke and Soffa Industries will report full-year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.26 to $2.27. For the next financial year, analysts forecast that the company will report earnings of $2.31 per share, with EPS estimates ranging from $2.00 to $2.60. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Kulicke and Soffa Industries.
Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, August 1st. The semiconductor company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.23. The firm had revenue of $268.83 million for the quarter, compared to analyst estimates of $260.42 million. Kulicke and Soffa Industries had a return on equity of 19.51% and a net margin of 6.93%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS.
A number of analysts have issued reports on KLIC shares. Zacks Investment Research lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. BidaskClub lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. ValuEngine lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, B. Riley raised their target price on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $29.70.
In other news, Director Peter T. M. Kong acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were bought at an average price of $26.89 per share, with a total value of $134,450.00. Following the acquisition, the director now owns 45,090 shares of the company’s stock, valued at $1,212,470.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter worth approximately $260,000. Juncture Wealth Strategies LLC acquired a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter worth approximately $283,000. United Services Automobile Association grew its holdings in shares of Kulicke and Soffa Industries by 262.9% during the 2nd quarter. United Services Automobile Association now owns 305,642 shares of the semiconductor company’s stock worth $7,280,000 after purchasing an additional 221,419 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Kulicke and Soffa Industries by 25.0% during the 2nd quarter. Northern Trust Corp now owns 366,252 shares of the semiconductor company’s stock worth $8,724,000 after purchasing an additional 73,317 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Kulicke and Soffa Industries by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 926,149 shares of the semiconductor company’s stock worth $22,061,000 after purchasing an additional 14,033 shares in the last quarter. 84.03% of the stock is currently owned by institutional investors.
KLIC traded up $0.38 during midday trading on Friday, reaching $21.25. The company’s stock had a trading volume of 556,731 shares, compared to its average volume of 687,993. The firm has a market capitalization of $1.61 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a quick ratio of 4.42, a current ratio of 5.02 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries has a twelve month low of $20.65 and a twelve month high of $28.71.
Kulicke and Soffa Industries announced that its Board of Directors has authorized a stock buyback program on Tuesday, July 10th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 5.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Thursday, September 27th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Wednesday, September 26th. Kulicke and Soffa Industries’s payout ratio is presently 30.97%.
About Kulicke and Soffa Industries
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable 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, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
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