Kulicke and Soffa Industries, Inc. (KLIC) to Issue Quarterly Dividend of $0.20 on July 9th

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) announced a quarterly dividend on Thursday, May 16th, RTT News reports. Shareholders of record on Thursday, June 20th will be paid a dividend of 0.20 per share by the semiconductor company on Tuesday, July 9th. This represents a $0.80 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, June 20th.

Kulicke and Soffa Industries has increased its dividend by an average of 15.5% annually over the last three years. Kulicke and Soffa Industries has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kulicke and Soffa Industries to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 41.9%.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC opened at $47.68 on Tuesday. The stock has a market cap of $2.64 billion, a PE ratio of -40.07 and a beta of 1.42. Kulicke and Soffa Industries has a fifty-two week low of $40.20 and a fifty-two week high of $60.20. The firm’s 50-day simple moving average is $46.75 and its two-hundred day simple moving average is $49.42.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19). Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The business had revenue of $172.10 million during the quarter, compared to analysts’ expectations of $170.20 million. During the same quarter last year, the company posted $0.38 EPS. Kulicke and Soffa Industries’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts predict that Kulicke and Soffa Industries will post -0.31 EPS for the current year.

Analyst Ratings Changes

KLIC has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Kulicke and Soffa Industries in a report on Friday, May 3rd. B. Riley cut their price target on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Hold” and a consensus price target of $59.00.

Insider Activity at Kulicke and Soffa Industries

In related news, Director Peter T. M. Kong acquired 1,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average price of $47.51 per share, for a total transaction of $47,510.00. Following the completion of the transaction, the director now directly owns 92,072 shares in the company, valued at $4,374,340.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

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.