Kulicke and Soffa Industries (NASDAQ:KLIC) Announces Earnings Results

Kulicke and Soffa Industries (NASDAQ:KLIC) posted its earnings results on Thursday. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08, Briefing.com reports. The company had revenue of $202.32 million for the quarter, compared to analysts’ expectations of $200.17 million. Kulicke and Soffa Industries had a net margin of 7.70% and a return on equity of 8.92%. Kulicke and Soffa Industries’s revenue for the quarter was down 29.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share.

Kulicke and Soffa Industries Trading Up 3.4 %

KLIC stock opened at $50.65 on Friday. The company has a market capitalization of $2.86 billion, a P/E ratio of 51.16 and a beta of 1.41. Kulicke and Soffa Industries has a twelve month low of $40.20 and a twelve month high of $60.20. The business has a 50 day simple moving average of $46.06 and a 200-day simple moving average of $51.17.

Kulicke and Soffa Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Thursday, December 21st will be issued a $0.20 dividend. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, December 20th. Kulicke and Soffa Industries’s dividend payout ratio is presently 76.77%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KLIC shares. B. Riley boosted their price target on shares of Kulicke and Soffa Industries from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday. StockNews.com assumed coverage on Kulicke and Soffa Industries in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Craig Hallum raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Friday.

Insider Activity

In related news, CEO Fusen Ernie Chen sold 30,000 shares of the stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $47.11, for a total transaction of $1,413,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,094,380 shares of the company’s stock, valued at $51,556,241.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Fusen Ernie Chen sold 30,000 shares of the stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $47.11, for a total transaction of $1,413,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,094,380 shares of the company’s stock, valued at $51,556,241.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert Nestor Chylak sold 4,084 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $48.88, for a total value of $199,625.92. Following the sale, the senior vice president now directly owns 19,609 shares of the company’s stock, valued at $958,487.92. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Hedge funds have recently modified their holdings of the stock. Raymond James & Associates lifted its holdings in Kulicke and Soffa Industries by 12.2% in the first quarter. Raymond James & Associates now owns 21,762 shares of the semiconductor company’s stock valued at $1,219,000 after acquiring an additional 2,368 shares during the period. Natixis Advisors L.P. acquired a new stake in Kulicke and Soffa Industries in the first quarter valued at $602,000. MetLife Investment Management LLC lifted its holdings in Kulicke and Soffa Industries by 46.5% in the first quarter. MetLife Investment Management LLC now owns 31,834 shares of the semiconductor company’s stock valued at $1,783,000 after acquiring an additional 10,110 shares during the period. Rhumbline Advisers lifted its holdings in Kulicke and Soffa Industries by 7.9% in the first quarter. Rhumbline Advisers now owns 150,077 shares of the semiconductor company’s stock valued at $8,407,000 after acquiring an additional 10,932 shares during the period. Finally, Yousif Capital Management LLC lifted its holdings in Kulicke and Soffa Industries by 2.1% in the first quarter. Yousif Capital Management LLC now owns 59,215 shares of the semiconductor company’s stock valued at $3,317,000 after acquiring an additional 1,190 shares during the period. 98.49% of the stock is owned by institutional investors and hedge funds.

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 two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.