Kulicke and Soffa Industries Stock Price, News & Analysis (NASDAQ:KLIC)

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kulicke and Soffa Industries in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KLIC shares.
View KLIC analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 12 month price targets for Kulicke and Soffa Industries' shares. Their KLIC share price targets range from $56.00 to $70.00. On average, they predict the company's stock price to reach $62.00 in the next twelve months. This suggests a possible upside of 20.0% from the stock's current price.
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Kulicke and Soffa Industries' stock was trading at $44.26 at the start of the year. Since then, KLIC stock has increased by 16.7% and is now trading at $51.65.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our KLIC earnings forecast.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) released its quarterly earnings results on Thursday, November, 16th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.08. The semiconductor company had revenue of $202.32 million for the quarter, compared to the consensus estimate of $200.17 million. Kulicke and Soffa Industries had a net margin of 7.70% and a trailing twelve-month return on equity of 8.93%. Kulicke and Soffa Industries's revenue for the quarter was down 29.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 EPS.

Kulicke and Soffa Industries declared a quarterly dividend on Wednesday, November 15th. Investors of record on Thursday, December 21st will be paid a dividend of $0.20 per share on Tuesday, January 9th. This represents a $0.80 annualized dividend and a yield of 1.55%. The ex-dividend date is Wednesday, December 20th. This is a boost from the stock's previous quarterly dividend of $0.19.
Read our dividend analysis for KLIC.

Kulicke and Soffa Industries (NASDAQ:KLIC) pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.51%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 76.77%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KLIC will have a dividend payout ratio of 27.54% next year. This indicates that the company will be able to sustain or increase its dividend.
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 announced that its Board of Directors has authorized a share buyback plan on Thursday, March 3rd 2022, which allows the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 13.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Kulicke and Soffa Industries updated its first quarter earnings guidance on Wednesday, November, 15th. The company provided EPS guidance of $0.23-0.28 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $160-180 million, compared to the consensus revenue estimate of $190.92 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' stock is owned by a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (5.14%), Copeland Capital Management LLC (2.14%), Ameriprise Financial Inc. (1.45%), William Blair Investment Management LLC (1.29%), Morgan Stanley (1.25%) and Northern Trust Corp (1.20%). 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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