Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Plans Quarterly Dividend of $0.21

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) declared a quarterly dividend on Thursday, June 5th, RTT News reports. Shareholders of record on Thursday, June 19th will be given a dividend of 0.205 per share by the semiconductor company on Tuesday, July 8th. This represents a $0.82 dividend on an annualized basis and a yield of 2.49%.

Kulicke and Soffa Industries has raised its dividend payment by an average of 10.9% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Kulicke and Soffa Industries has a payout ratio of 53.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kulicke and Soffa Industries to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 47.4%.

Kulicke and Soffa Industries Trading Down 1.5%

Shares of Kulicke and Soffa Industries stock traded down $0.51 during mid-day trading on Thursday, hitting $32.90. 1,143,393 shares of the stock were exchanged, compared to its average volume of 569,803. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 274.17 and a beta of 1.53. Kulicke and Soffa Industries has a twelve month low of $26.63 and a twelve month high of $53.71. The company has a 50-day simple moving average of $31.71 and a 200 day simple moving average of $39.62.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The firm had revenue of $161.99 million for the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The firm's revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.95) EPS. Equities research analysts forecast that Kulicke and Soffa Industries will post 0.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KLIC has been the subject of several analyst reports. DA Davidson dropped their target price on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC lowered their target price on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wall Street Zen raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, TD Cowen lowered their price target on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

Institutional Trading of Kulicke and Soffa Industries

A number of institutional investors have recently added to or reduced their stakes in KLIC. Acadian Asset Management LLC purchased a new position in Kulicke and Soffa Industries in the first quarter valued at about $95,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Kulicke and Soffa Industries by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 877 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Kulicke and Soffa Industries by 168.8% during the 1st quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company's stock valued at $1,631,000 after buying an additional 31,048 shares during the period. Royal Bank of Canada lifted its position in Kulicke and Soffa Industries by 10.0% during the 1st quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company's stock worth $2,118,000 after acquiring an additional 5,836 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Kulicke and Soffa Industries by 55.7% during the 1st quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company's stock worth $2,206,000 after acquiring an additional 23,923 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

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.