Kulicke and Soffa Industries (NASDAQ:KLIC) Releases Q1 Earnings Guidance

Kulicke and Soffa Industries (NASDAQ:KLICGet 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 %

Shares of NASDAQ KLIC traded down $0.85 during trading on Wednesday, hitting $47.19. 381,374 shares of the company traded hands, compared to its average volume of 491,517. The firm has a market capitalization of $2.57 billion, a P/E ratio of -45.61 and a beta of 1.38. The company has a 50-day moving average price of $43.87 and a 200-day moving average price of $45.35. Kulicke and Soffa Industries has a 1 year low of $38.20 and a 1 year high of $56.71.

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

(Get Free Report)

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.

Further Reading

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

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.