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.

A number of brokerages have issued reports on KLIC. B. Riley lifted their target price on shares of Kulicke and Soffa Industries from $69.00 to $75.00 and gave the company a buy rating in a research note on Tuesday, April 20th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a hold rating to a strong-buy rating and set a $62.00 target price for the company in a research note on Thursday, April 22nd. Needham & Company LLC started coverage on shares of Kulicke and Soffa Industries in a report on Monday, April 26th. They set a buy rating and a $64.00 price target on the stock. Finally, Craig Hallum raised 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. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $64.80.

KLIC traded down $4.36 during trading on Tuesday, hitting $54.04. The stock had a trading volume of 45,144 shares, compared to its average volume of 857,696. The firm has a market cap of $3.35 billion, a PE ratio of 65.65 and a beta of 1.18. Kulicke and Soffa Industries has a 12 month low of $20.10 and a 12 month high of $61.24. The company has a 50 day simple moving average of $52.30 and a 200-day simple moving average of $39.90.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Tuesday, February 2nd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $267.86 million for the quarter, compared to the consensus estimate of $265.00 million. As a group, research analysts forecast that Kulicke and Soffa Industries will post 1.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 12th. Stockholders of record on Thursday, March 25th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 24th. This represents a $0.56 annualized dividend and a dividend yield of 1.04%. Kulicke and Soffa Industries’s payout ratio is 58.95%.

In other news, VP Zamir Shai Soloveizik sold 2,500 shares of Kulicke and Soffa Industries stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $55.00, for a total transaction of $137,500.00. Following the sale, the vice president now directly owns 22,188 shares in the company, valued at approximately $1,220,340. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Chan Pin Chong sold 10,578 shares of Kulicke and Soffa Industries stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $51.07, for a total transaction of $540,218.46. Following the sale, the executive vice president now owns 94,303 shares in the company, valued at $4,816,054.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,078 shares of company stock worth $2,645,868. 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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