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 year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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3 brokerages have issued 1 year price targets for Kulicke and Soffa Industries' stock. Their KLIC share price forecasts range from $45.00 to $60.00. On average, they predict the company's stock price to reach $52.50 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price.
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Kulicke and Soffa Industries' stock was trading at $60.54 at the beginning of 2022. Since then, KLIC shares have decreased by 22.2% and is now trading at $47.09.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our KLIC earnings forecast.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) posted its quarterly earnings results on Wednesday, November, 17th. The semiconductor company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.04. The semiconductor company earned $485.33 million during the quarter, compared to the consensus estimate of $485 million. Kulicke and Soffa Industries had a net margin of 28.83% and a trailing twelve-month return on equity of 38.40%. During the same quarter in the previous year, the company earned $0.29 earnings per share.

Kulicke and Soffa Industries announced a quarterly dividend on Wednesday, November 16th. Shareholders of record on Thursday, December 22nd will be given a dividend of $0.19 per share on Monday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, December 21st. This is a positive change from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for KLIC.

Kulicke and Soffa Industries (NASDAQ:KLIC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.44%. 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 9.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLIC will have a dividend payout ratio of 19.10% 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 announced that its Board of Directors has authorized a share buyback plan on Thursday, March 3rd 2022, which allows the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 13.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Kulicke and Soffa Industries issued an update on its first quarter earnings guidance on Wednesday, November, 16th. The company provided earnings per share guidance of $0.18-$0.22 for the period, compared to the consensus EPS estimate of $0.82. The company issued revenue guidance of $155-$195 million, compared to the consensus revenue estimate of $244.43 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. (15.29%), Dimensional Fund Advisors LP (4.89%), Vanguard Group Inc. (4.40%), Royce & Associates LP (3.39%), State Street Corp (3.38%) and Victory Capital Management Inc. (2.95%). Insiders that own company stock include Brian R Bachman, 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 $47.09.

Kulicke and Soffa Industries (NASDAQ:KLIC) has a market capitalization of $2.69 billion and generates $1.50 billion in revenue each year. The semiconductor company earns $433.55 million in net income (profit) each year or $7.06 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.