Brokerages predict that Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) will post $0.02 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kulicke and Soffa Industries’ earnings. The highest EPS estimate is $0.06 and the lowest is $0.00. Kulicke and Soffa Industries reported earnings of $0.54 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 96.3%. The business is expected to report its next earnings results on Thursday, May 30th.
According to Zacks, analysts expect that Kulicke and Soffa Industries will report full-year earnings of $0.84 per share for the current financial year, with EPS estimates ranging from $0.73 to $1.05. For the next fiscal year, analysts anticipate that the business will report earnings of $1.85 per share, with EPS estimates ranging from $1.77 to $1.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Kulicke and Soffa Industries.
Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Thursday, January 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. The business had revenue of $157.21 million during the quarter, compared to analysts’ expectations of $155.00 million. Kulicke and Soffa Industries had a return on equity of 16.99% and a net margin of 16.06%. During the same quarter in the previous year, the business earned $0.54 EPS.
Shares of KLIC stock traded up $0.88 on Tuesday, hitting $24.68. 300,400 shares of the stock traded hands, compared to its average volume of 445,551. The company has a current ratio of 6.58, a quick ratio of 5.81 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.58 billion, a P/E ratio of 10.16, a P/E/G ratio of 2.36 and a beta of 1.15. Kulicke and Soffa Industries has a 1-year low of $17.40 and a 1-year high of $28.69.
Kulicke and Soffa Industries announced that its Board of Directors has authorized a stock buyback program on Thursday, January 31st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, March 27th. Kulicke and Soffa Industries’s dividend payout ratio is presently 19.75%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in shares of Kulicke and Soffa Industries by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 933,355 shares of the semiconductor company’s stock worth $22,251,000 after buying an additional 7,206 shares during the period. BlackRock Inc. raised its stake in Kulicke and Soffa Industries by 1.9% in the third quarter. BlackRock Inc. now owns 6,571,120 shares of the semiconductor company’s stock valued at $156,655,000 after buying an additional 120,683 shares during the period. Credit Suisse AG raised its stake in Kulicke and Soffa Industries by 11.8% in the third quarter. Credit Suisse AG now owns 80,043 shares of the semiconductor company’s stock valued at $1,908,000 after buying an additional 8,456 shares during the period. Allianz Asset Management GmbH bought a new stake in Kulicke and Soffa Industries in the third quarter valued at approximately $446,000. Finally, Renaissance Technologies LLC raised its stake in Kulicke and Soffa Industries by 3.0% in the third quarter. Renaissance Technologies LLC now owns 1,614,828 shares of the semiconductor company’s stock valued at $38,497,000 after buying an additional 46,928 shares during the period. 89.18% of the stock is currently owned by hedge funds and other institutional investors.
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 a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
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