Kulicke and Soffa Industries (KLIC) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kulicke and Soffa Industries in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" KLIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KLIC, but not buy additional shares or sell existing shares.
View KLIC analyst ratings or view top-rated stocks.

3 equities research analysts have issued twelve-month price objectives for Kulicke and Soffa Industries' stock. Their KLIC share price forecasts range from $50.00 to $70.00. On average, they predict the company's stock price to reach $58.33 in the next year. This suggests a possible upside of 19.7% from the stock's current price.
View analysts price targets for KLIC or view top-rated stocks among Wall Street analysts.

Kulicke and Soffa Industries' stock was trading at $44.26 at the start of the year. Since then, KLIC stock has increased by 10.1% and is now trading at $48.72.
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Kulicke and Soffa Industries saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,050,000 shares, an increase of 5.2% from the August 15th total of 6,700,000 shares. Based on an average trading volume of 497,500 shares, the short-interest ratio is presently 14.2 days. Approximately 12.9% of the shares of the stock are sold short.
View Kulicke and Soffa Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our KLIC earnings forecast.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) released its earnings results on Wednesday, August, 9th. The semiconductor company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.23. The semiconductor company earned $190.92 million during the quarter, compared to analyst estimates of $190.08 million. Kulicke and Soffa Industries had a net margin of 11.94% and a trailing twelve-month return on equity of 12.34%. The firm's quarterly revenue was down 48.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.09 EPS.

Kulicke and Soffa Industries announced a quarterly dividend on Wednesday, August 23rd. Stockholders of record on Thursday, September 21st will be given a dividend of $0.19 per share on Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, September 20th.
Read our dividend analysis for KLIC.

ETFs with the largest weight of Kulicke and Soffa Industries (NASDAQ:KLIC) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco S&P SmallCap Quality ETF (XSHQ), ETC 6 Meridian Small Cap Equity ETF (SIXS), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), AdvisorShares Insiders Advantage ETF (SURE), Pacer US Small Cap Cash Cows 100 ETF (CALF) and Cambria Shareholder Yield ETF (SYLD).

Kulicke and Soffa Industries (NASDAQ:KLIC) pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.57%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLIC will have a dividend payout ratio of 33.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KLIC.

Kulicke and Soffa Industries declared that its Board of Directors has approved a stock repurchase plan on Thursday, March 3rd 2022, which permits the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 13.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Kulicke and Soffa Industries updated its fourth quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $0.38-$0.46 for the period, compared to the consensus estimate of $0.44. The company issued revenue guidance of $180.00 million-$220.00 million, compared to the consensus revenue estimate of $209.73 million.

31 employees have rated Kulicke and Soffa Industries Chief Executive Officer Fusen Chen on Glassdoor.com. Fusen Chen has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kulicke and Soffa Industries investors own include Micron Technology (MU), Applied Materials (AMAT), AT&T (T), Alibaba Group (BABA), Intel (INTC), Energy Transfer (ET), Lam Research (LRCX), Netflix (NFLX), AbbVie (ABBV) and Blackstone (BX).

Kulicke and Soffa Industries trades on the NASDAQ under the ticker symbol "KLIC."

Kulicke and Soffa Industries' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.58%), Dimensional Fund Advisors LP (5.01%), Victory Capital Management Inc. (3.90%), State Street Corp (3.47%), Alliancebernstein L.P. (3.32%) and Geode Capital Management LLC (2.17%). Insiders that own company stock include Chan Pin Chong, Chin Hu Lim, Fusen Ernie Chen, Gregory F Milzcik, Lester A Wong, Nelson Munpun Wong, Robert Nestor Chylak, Stephen Ray Drake and Zamir Shai Soloveizik.
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Shares of KLIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KLIC stock can currently be purchased for approximately $48.72.

Kulicke and Soffa Industries (NASDAQ:KLIC) has a market capitalization of $2.75 billion and generates $1.50 billion in revenue each year. The semiconductor company earns $433.55 million in net income (profit) each year or $1.68 on an earnings per share basis.

The company employs 3,167 workers across the globe.

Kulicke and Soffa Industries' mailing address is 23A SERANGOON NORTH AVENUE 5 #01-01, SINGAPORE U0, 554369. The official website for the company is www.kns.com. The semiconductor company can be reached via phone at (215) 784-6000, via email at jelgindy@kns.com, or via fax at 65-6880-9580.