Kulicke and Soffa Industries (NASDAQ:KLIC) Issues FY 2021 Earnings Guidance

Kulicke and Soffa Industries (NASDAQ:KLIC) updated its FY 2021 earnings guidance on Thursday. The company provided EPS guidance of $6.000-$6.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.010. The company issued revenue guidance of $1.50 billion-$1.50 billion, compared to the consensus revenue estimate of $1.50 billion.

A number of equities research analysts have commented on the company. DA Davidson raised their price objective on Kulicke and Soffa Industries from $90.00 to $100.00 and gave the stock a buy rating in a research report on Friday, September 24th. Zacks Investment Research lowered Kulicke and Soffa Industries from a strong-buy rating to a hold rating in a report on Thursday, October 7th. B. Riley lifted their price target on Kulicke and Soffa Industries from $80.00 to $85.00 and gave the company a buy rating in a report on Friday, September 17th. Craig Hallum lifted their price target on Kulicke and Soffa Industries from $64.00 to $88.00 and gave the company a buy rating in a report on Friday, August 6th. Finally, Needham & Company LLC lifted their price target on Kulicke and Soffa Industries from $72.00 to $78.00 and gave the company a buy rating in a report on Friday, September 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Buy and an average target price of $86.00.

KLIC stock opened at $50.00 on Thursday. The business has a fifty day moving average of $64.93 and a 200-day moving average of $57.59. The company has a market cap of $3.10 billion, a P/E ratio of 12.69 and a beta of 1.24. Kulicke and Soffa Industries has a twelve month low of $25.20 and a twelve month high of $75.29.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Tuesday, August 3rd. The semiconductor company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.51. Kulicke and Soffa Industries had a return on equity of 31.70% and a net margin of 20.60%. The company had revenue of $424.32 million during the quarter, compared to analysts’ expectations of $400.00 million. On average, analysts predict that Kulicke and Soffa Industries will post 6.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 12th. Shareholders of record on Thursday, September 23rd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Wednesday, September 22nd. Kulicke and Soffa Industries’s dividend payout ratio is presently 58.95%.

In related news, VP Stephen Ray Drake sold 1,199 shares of the stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $74.71, for a total value of $89,577.29. Following the transaction, the vice president now owns 12,930 shares of the company’s stock, valued at $966,000.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Zamir Shai Soloveizik sold 2,500 shares of the stock in a transaction dated Friday, August 6th. The stock was sold at an average price of $65.00, for a total transaction of $162,500.00. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by 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 SEC. The fund owned 397,499 shares of the semiconductor company’s stock after acquiring an additional 31,016 shares during the period. Morgan Stanley owned approximately 0.64% of Kulicke and Soffa Industries worth $24,326,000 as of its most recent SEC filing. 90.57% of the stock is currently owned by institutional investors.

About Kulicke and Soffa Industries

Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of tools used to assemble semiconductor devices. It operates through the Capital Equipment and APS segments. The Capital Equipment segment consists of ball bonders, wedge bonders, 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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