Kulicke and Soffa Industries (NASDAQ:KLIC) Updates Q1 2022 Earnings Guidance

Kulicke and Soffa Industries (NASDAQ:KLIC) updated its first quarter 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $1.690-$2.070 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.540. The company issued revenue guidance of $440 million-$480 million, compared to the consensus revenue estimate of $411.65 million.

Several research firms recently issued reports on KLIC. Needham & Company LLC increased their price target on shares of Kulicke and Soffa Industries from $72.00 to $78.00 and gave the stock a buy rating in a report on Friday, September 24th. B. Riley increased their price target on shares of Kulicke and Soffa Industries from $80.00 to $85.00 and gave the stock a buy rating in a report on Friday, September 17th. Craig Hallum increased their price target on shares of Kulicke and Soffa Industries from $64.00 to $88.00 and gave the stock a buy rating in a report on Friday, August 6th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a hold rating to a buy rating and set a $61.00 target price for the company in a report on Wednesday, November 3rd. Finally, DA Davidson increased their target price on shares of Kulicke and Soffa Industries from $90.00 to $100.00 and gave the company a buy rating in a report on Friday, September 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and a consensus target price of $82.40.

Shares of Kulicke and Soffa Industries stock opened at $60.01 on Thursday. Kulicke and Soffa Industries has a 12-month low of $29.90 and a 12-month high of $75.29. The stock has a market cap of $3.75 billion, a PE ratio of 10.36 and a beta of 1.27. The company has a 50-day moving average of $57.80 and a two-hundred day moving average of $58.18.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, November 17th. The semiconductor company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.13 by $0.04. Kulicke and Soffa Industries had a net margin of 24.19% and a return on equity of 41.70%. During the same period last year, the firm earned $0.29 EPS. On average, research analysts predict that Kulicke and Soffa Industries will post 5.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 10th. Stockholders of record on Thursday, December 23rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 22nd. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 1.13%. Kulicke and Soffa Industries’s dividend payout ratio is currently 9.67%.

In related news, VP Stephen Ray Drake sold 1,199 shares of the firm’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $74.71, for a total transaction of $89,577.29. Following the sale, the vice president now owns 12,930 shares in the company, valued at $966,000.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in Kulicke and Soffa Industries stock. Morgan Stanley raised its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 397,499 shares of the semiconductor company’s stock after purchasing an additional 31,016 shares during the quarter. Morgan Stanley owned about 0.64% of Kulicke and Soffa Industries worth $24,326,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 94.47% of the company’s stock.

About Kulicke and Soffa Industries

Kulicke & Soffa Industries, Inc engages in the designing, manufacturing, and sale of tools used to assemble semiconductor devices, including integrated circuits, high and low powered discrete devices, light-emitting diodes, and power modules. It operates through the Capital Equipment and Aftermarket Products & Services (APS) segments.

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

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