Kulicke and Soffa Industries (NASDAQ:KLIC) Updates Q2 2021 Earnings Guidance


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Kulicke and Soffa Industries (NASDAQ:KLIC) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.200-1.200 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.910. The company issued revenue guidance of $340 million-$340 million, compared to the consensus revenue estimate of $305.07 million.

Several research firms have recently weighed in on KLIC. Craig Hallum upped their price target on shares of Kulicke and Soffa Industries from $61.00 to $83.00 and gave the company a buy rating in a report on Monday, April 26th. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a hold rating to a strong-buy rating and set a $62.00 price target for the company in a report on Thursday, April 22nd. B. Riley upped their price target on shares of Kulicke and Soffa Industries from $69.00 to $75.00 and gave the company a buy rating in a report on Tuesday, April 20th. Finally, Needham & Company LLC assumed coverage on shares of Kulicke and Soffa Industries in a report on Monday, April 26th. They issued a buy rating and a $64.00 price target for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $64.80.

KLIC traded down $4.36 during trading hours on Tuesday, hitting $54.04. 45,144 shares of the company’s stock were exchanged, compared to its average volume of 857,696. Kulicke and Soffa Industries has a 1-year low of $20.10 and a 1-year high of $61.24. The stock’s 50-day moving average is $52.30 and its two-hundred day moving average is $39.90. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 65.65 and a beta of 1.18.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Tuesday, February 2nd. The semiconductor company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.11. Kulicke and Soffa Industries had a net margin of 8.39% and a return on equity of 7.92%. The business had revenue of $267.86 million during the quarter, compared to analysts’ expectations of $265.00 million. As a group, sell-side analysts anticipate that Kulicke and Soffa Industries will post 1.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 12th. Shareholders of record on Thursday, March 25th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Wednesday, March 24th. Kulicke and Soffa Industries’s dividend payout ratio is currently 58.95%.

In other Kulicke and Soffa Industries news, EVP Chan Pin Chong sold 10,578 shares of the stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of $51.07, for a total value of $540,218.46. Following the completion of the sale, the executive vice president now owns 94,303 shares in the company, valued at $4,816,054.21. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Nelson Munpun Wong sold 5,000 shares of the stock in a transaction on Monday, April 26th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the senior vice president now owns 150,880 shares of the company’s stock, valued at approximately $9,052,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,078 shares of company stock valued at $2,645,868. Corporate insiders own 1.40% of the company’s stock.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells ball and wedge bonders, and advanced packaging and electronic assembly solutions.

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Earnings History and Estimates for Kulicke and Soffa Industries (NASDAQ:KLIC)

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