Kulicke and Soffa Industries - KLIC Stock Forecast, Price & News

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

3 brokerages have issued twelve-month target prices for Kulicke and Soffa Industries' stock. Their KLIC share price forecasts range from $55.00 to $70.00. On average, they anticipate the company's stock price to reach $61.67 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
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Kulicke and Soffa Industries' stock was trading at $44.26 on January 1st, 2023. Since then, KLIC stock has increased by 16.8% and is now trading at $51.70.
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Kulicke and Soffa Industries saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 8,450,000 shares, an increase of 7.8% from the February 13th total of 7,840,000 shares. Based on an average daily trading volume, of 452,800 shares, the days-to-cover ratio is presently 18.7 days. Approximately 15.4% of the shares of the company are sold short.
View Kulicke and Soffa Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our KLIC earnings forecast.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) released its earnings results on Thursday, February, 2nd. The semiconductor company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.13. The semiconductor company had revenue of $176.20 million for the quarter, compared to analysts' expectations of $176.49 million. Kulicke and Soffa Industries had a trailing twelve-month return on equity of 28.72% and a net margin of 25.80%. The business's revenue was down 61.8% on a year-over-year basis. During the same quarter last year, the business posted $2.19 EPS.

Kulicke and Soffa Industries declared a quarterly dividend on Thursday, March 2nd. Stockholders of record on Thursday, March 23rd will be paid a dividend of $0.19 per share on Monday, April 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, March 22nd.
Read our dividend analysis for KLIC.

ETFs with the largest weight of Kulicke and Soffa Industries (NASDAQ:KLIC) stock in their portfolio include Invesco Dynamic Semiconductors ETF (PSI), Invesco S&P SmallCap Information Technology ETF (PSCT), Alpha Architect U.S. Quantitative Value ETF (QVAL), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Quality ETF (XSHQ), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and SPDR FactSet Innovative Technology ETF (XITK).

Kulicke and Soffa Industries (NASDAQ:KLIC) pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.45%. 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 14.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLIC will have a dividend payout ratio of 22.89% 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 has approved a share buyback program on Thursday, March 3rd 2022, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 13.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Kulicke and Soffa Industries issued an update on its second quarter earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of ~$0.23-0.28 for the period, compared to the consensus earnings per share estimate of $0.23. The company issued revenue guidance of $150-190 million, compared to the consensus revenue estimate of $172.54 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 a number of institutional and retail investors. Top institutional investors include American Century Companies Inc. (5.45%), Dimensional Fund Advisors LP (5.20%), Alliancebernstein L.P. (3.72%), Victory Capital Management Inc. (3.60%), Victory Capital Management Inc. (3.60%) and Victory Capital Management Inc. (3.60%). 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 $51.70.

Kulicke and Soffa Industries (NASDAQ:KLIC) has a market capitalization of $2.93 billion and generates $1.50 billion in revenue each year. The semiconductor company earns $433.55 million in net income (profit) each year or $5.20 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.