Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) – Investment analysts at DA Davidson dropped their Q4 2018 EPS estimates for Kulicke and Soffa Industries in a research note issued to investors on Thursday, August 2nd. DA Davidson analyst T. Diffely now expects that the semiconductor company will post earnings per share of $0.36 for the quarter, down from their previous estimate of $0.54. DA Davidson also issued estimates for Kulicke and Soffa Industries’ Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.62 EPS, FY2019 earnings at $2.60 EPS and Q1 2020 earnings at $0.50 EPS.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Thursday, May 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.03). The firm had revenue of $221.77 million for the quarter, compared to analyst estimates of $221.80 million. Kulicke and Soffa Industries had a net margin of 6.93% and a return on equity of 19.51%.

Several other equities research analysts have also issued reports on KLIC. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. ValuEngine lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. B. Riley upped their price target on Kulicke and Soffa Industries from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. BidaskClub raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 4th. Finally, Cowen began coverage on Kulicke and Soffa Industries in a research report on Monday, May 14th. They set a “market perform” rating and a $25.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $29.70.

KLIC stock opened at $27.38 on Monday. The company has a current ratio of 5.02, a quick ratio of 4.42 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.79 billion, a P/E ratio of 17.66, a PEG ratio of 1.03 and a beta of 1.22. Kulicke and Soffa Industries has a 12-month low of $18.22 and a 12-month high of $28.71.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Kulicke and Soffa Industries by 6.8% during the first quarter. BlackRock Inc. now owns 6,085,082 shares of the semiconductor company’s stock valued at $152,188,000 after buying an additional 385,765 shares in the last quarter. Whale Rock Capital Management LLC lifted its stake in Kulicke and Soffa Industries by 2.3% in the 1st quarter. Whale Rock Capital Management LLC now owns 3,424,212 shares of the semiconductor company’s stock worth $85,640,000 after acquiring an additional 78,337 shares in the last quarter. Franklin Resources Inc. lifted its stake in Kulicke and Soffa Industries by 11.5% in the 1st quarter. Franklin Resources Inc. now owns 3,028,475 shares of the semiconductor company’s stock worth $75,742,000 after acquiring an additional 312,798 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Kulicke and Soffa Industries by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 926,149 shares of the semiconductor company’s stock worth $22,061,000 after purchasing an additional 14,033 shares in the last quarter. Finally, Rubric Capital Management LP purchased a new stake in shares of Kulicke and Soffa Industries during the 1st quarter worth about $20,759,000. 82.82% of the stock is owned by institutional investors and hedge funds.

In related news, Director Gregory F. Milzcik bought 4,185 shares of the company’s stock in a transaction on Tuesday, June 5th. The shares were purchased at an average cost of $23.81 per share, with a total value of $99,644.85. Following the completion of the transaction, the director now directly owns 52,807 shares of the company’s stock, valued at $1,257,334.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian R. Bachman sold 2,200 shares of the stock in a transaction on Friday, July 13th. The stock was sold at an average price of $28.00, for a total value of $61,600.00. Following the completion of the sale, the director now directly owns 17,928 shares in the company, valued at $501,984. The disclosure for this sale can be found here. Insiders sold 22,900 shares of company stock worth $639,000 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which was paid on Monday, July 16th. Shareholders of record on Thursday, June 28th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, June 27th. Kulicke and Soffa Industries’s dividend payout ratio is presently 30.97%.

Kulicke and Soffa Industries announced that its board has initiated a share buyback plan on Tuesday, July 10th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable 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, wafer level 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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