Kulicke and Soffa Industries (KLIC) Set to Announce Earnings on Wednesday

Kulicke and Soffa Industries (NASDAQ:KLIC) is set to post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Kulicke and Soffa Industries to post earnings of $0.30 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19). Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The firm had revenue of $172.10 million during the quarter, compared to analyst estimates of $170.20 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts expect Kulicke and Soffa Industries to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kulicke and Soffa Industries Trading Down 2.7 %

Shares of KLIC opened at $44.94 on Wednesday. Kulicke and Soffa Industries has a twelve month low of $40.20 and a twelve month high of $59.99. The firm’s fifty day simple moving average is $47.60 and its 200-day simple moving average is $48.43. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of -37.76 and a beta of 1.40.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Thursday, June 20th were issued a $0.20 dividend. The ex-dividend date was Thursday, June 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. Kulicke and Soffa Industries’s payout ratio is -67.23%.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong acquired 1,000 shares of the stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $47.51 per share, with a total value of $47,510.00. Following the transaction, the director now owns 92,072 shares of the company’s stock, valued at approximately $4,374,340.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KLIC shares. B. Riley reduced their price objective on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries currently has an average rating of “Hold” and a consensus target price of $53.50.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.