Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.25-$0.31 for the period, compared to the consensus estimate of $0.33. The company issued revenue guidance of $155-$175 million, compared to the consensus revenue estimate of $183.58 million.
Analyst Ratings Changes
Several analysts have commented on KLIC shares. StockNews.com cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Tuesday. Craig Hallum lowered their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, TD Cowen dropped their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.33.
Read Our Latest Stock Report on KLIC
Kulicke and Soffa Industries Stock Down 1.8 %
Kulicke and Soffa Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.70%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -76.92%.
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.
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