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

Kulicke and Soffa Industries (NASDAQ:KLIC) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.000-$6.000 for the period, compared to the Thomson Reuters consensus earnings per share 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.

Several brokerages have recently weighed in on KLIC. DA Davidson boosted their price objective on shares of 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. B. Riley boosted their price objective on shares of Kulicke and Soffa Industries from $80.00 to $85.00 and gave the stock a buy rating in a research report on Friday, September 17th. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a strong-buy rating to a hold rating in a research report on Thursday, October 7th. Craig Hallum boosted their price objective on shares of Kulicke and Soffa Industries from $64.00 to $88.00 and gave the stock a buy rating in a research report on Friday, August 6th. Finally, Needham & Company LLC boosted their price objective on shares of Kulicke and Soffa Industries from $72.00 to $78.00 and gave the stock a buy rating in a research report on Friday, September 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Kulicke and Soffa Industries has an average rating of Buy and an average price target of $86.00.

Shares of Kulicke and Soffa Industries stock opened at $50.00 on Thursday. The firm’s fifty day simple moving average is $64.93 and its 200-day simple moving average is $57.59. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 12.69 and a beta of 1.24. Kulicke and Soffa Industries has a 12 month low of $25.20 and a 12 month high of $75.29.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Tuesday, August 3rd. The semiconductor company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.51. The business had revenue of $424.32 million for the quarter, compared to analysts’ expectations of $400.00 million. Kulicke and Soffa Industries had a net margin of 20.60% and a return on equity of 31.70%. On average, equities analysts expect 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. Stockholders of record on Thursday, September 23rd were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.12%. Kulicke and Soffa Industries’s payout ratio is 58.95%.

In related news, VP Zamir Shai Soloveizik sold 2,500 shares of the business’s stock in a transaction dated Friday, August 6th. The shares were sold at an average price of $65.00, for a total value of $162,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Stephen Ray Drake sold 1,199 shares of the business’s stock in a transaction dated Tuesday, September 7th. The stock was sold at an average price of $74.71, for a total transaction of $89,577.29. Following the completion of the sale, the vice president now owns 12,930 shares in the company, valued at $966,000.30. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

A hedge fund recently raised its stake in Kulicke and Soffa Industries stock. Morgan Stanley increased its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 8.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 397,499 shares of the semiconductor company’s stock after purchasing an additional 31,016 shares during the quarter. Morgan Stanley owned 0.64% of Kulicke and Soffa Industries worth $24,326,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 90.57% of the company’s stock.

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.

Read More: Quiet Period

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

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