Kulicke and Soffa Industries (KLIC) Set to Announce Quarterly Earnings on Wednesday

Kulicke and Soffa Industries (NASDAQ:KLIC) will issue its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Kulicke and Soffa Industries Stock Up 0.9 %

Shares of NASDAQ:KLIC opened at $48.61 on Tuesday. Kulicke and Soffa Industries has a 12-month low of $38.20 and a 12-month high of $56.71. The stock has a market cap of $2.65 billion, a PE ratio of -46.74 and a beta of 1.38. The business has a 50 day moving average of $43.62 and a 200-day moving average of $45.33.

Kulicke and Soffa Industries Dividend Announcement

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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio is presently -76.92%.

Analyst Ratings Changes

KLIC has been the subject of a number of research analyst reports. StockNews.com cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday. Craig Hallum cut their price target on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, TD Cowen cut their price target 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.33.

Kulicke and Soffa Industries Company Profile

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.