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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kulicke and Soffa Industries in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12-month price targets for Kulicke and Soffa Industries' shares. Their KLIC share price forecasts range from $50.00 to $100.00. On average, they predict the company's stock price to reach $76.00 in the next twelve months. This suggests a possible upside of 51.7% 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 stock has decreased by 17.2% and is now trading at $50.10.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
View our KLIC earnings forecast.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) released its quarterly earnings results on Wednesday, August, 3rd. The semiconductor company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.54. Kulicke and Soffa Industries had a net margin of 29.50% and a trailing twelve-month return on equity of 45.08%. During the same quarter last year, the business earned $1.87 earnings per share.

Kulicke and Soffa Industries announced a quarterly dividend on Tuesday, June 7th. Shareholders of record on Thursday, June 23rd will be paid a dividend of $0.17 per share on Monday, July 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Wednesday, June 22nd.
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 1.36%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KLIC will have a dividend payout ratio of 16.71% 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 initiated a share buyback plan on Thursday, March 3rd 2022, which authorizes the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 13.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Kulicke and Soffa Industries issued an update on its fourth quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of $0.84-$1.02 for the period, compared to the consensus estimate of $1.56. The company issued revenue guidance of $260.00 million-$300.00 million, compared to the consensus revenue estimate of $369.20 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 retail and institutional investors. Top institutional shareholders include Royce & Associates LP (3.61%), Victory Capital Management Inc. (2.70%), Copeland Capital Management LLC (1.57%), Northern Trust Corp (1.14%), William Blair Investment Management LLC (1.06%) and Russell Investments Group Ltd. (0.98%). 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 $50.10.

Kulicke and Soffa Industries (NASDAQ:KLIC) has a market capitalization of $2.91 billion and generates $1.52 billion in revenue each year. The semiconductor company earns $367.16 million in net income (profit) each year or $8.06 on an earnings per share basis.

The company employs 3,586 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.