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

Key Points

• Kulicke and Soffa Industries declared a quarterly dividend of $0.205 per share, payable on July 8 to shareholders of record on June 18. The dividend implies an annualized payout of $0.82 and a yield of about 0.8%.
• The company said it has raised its dividend for 7 straight years and currently has a payout ratio of 53.6%, suggesting the dividend is covered by earnings. Analysts expect next year’s earnings to support a much lower future payout ratio of 22.2%.
• KLIC recently reported strong quarterly results, with earnings of $0.79 per share versus $0.67 expected and revenue up 49.8% year over year. Shares were trading down on the day despite the earnings beat, and recent insider selling was also disclosed.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) declared a quarterly dividend on Wednesday, May 27th. Investors of record on Thursday, June 18th will be given a dividend of 0.205 per share by the semiconductor company on Wednesday, July 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, June 18th.

Kulicke and Soffa Industries has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Kulicke and Soffa Industries has a dividend payout ratio of 53.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kulicke and Soffa Industries to earn $3.69 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 22.2%.

Kulicke and Soffa Industries Trading Down 2.7%

Shares of KLIC traded down $2.96 during trading hours on Wednesday, reaching $105.61. 909,676 shares of the stock traded hands, compared to its average volume of 765,419. The stock has a fifty day simple moving average of $82.42 and a 200 day simple moving average of $64.35. Kulicke and Soffa Industries has a 52 week low of $31.32 and a 52 week high of $109.88. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 101.55 and a beta of 1.66.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. Kulicke and Soffa Industries had a net margin of 7.16% and a return on equity of 7.29%. The company had revenue of $242.62 million for the quarter, compared to analyst estimates of $228.75 million. During the same period last year, the firm earned ($0.52) earnings per share. The firm's revenue was up 49.8% on a year-over-year basis. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. Analysts predict that Kulicke and Soffa Industries will post 2.85 earnings per share for the current fiscal year.

Insider Activity

In other Kulicke and Soffa Industries news, General Counsel Zi Yao Lim sold 1,500 shares of Kulicke and Soffa Industries stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $102.98, for a total value of $154,470.00. Following the sale, the general counsel owned 21,214 shares of the company's stock, valued at approximately $2,184,617.72. The trade was a 6.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mui Sung Yeo sold 20,000 shares of Kulicke and Soffa Industries stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the director directly owned 59,197 shares in the company, valued at approximately $5,919,700. This represents a 25.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company's stock.

Institutional Trading of Kulicke and Soffa Industries

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Kulicke and Soffa Industries by 10.0% in the first quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company's stock worth $2,118,000 after purchasing an additional 5,836 shares in the last quarter. AQR Capital Management LLC grew its stake in Kulicke and Soffa Industries by 168.8% in the 1st quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company's stock worth $1,631,000 after buying an additional 31,048 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kulicke and Soffa Industries by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company's stock worth $1,025,000 after buying an additional 877 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kulicke and Soffa Industries by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company's stock worth $5,140,000 after buying an additional 11,522 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Kulicke and Soffa Industries by 55.7% in the 1st quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company's stock worth $2,206,000 after buying an additional 23,923 shares in the last quarter. Institutional investors own 98.22% of the company's stock.

About Kulicke and Soffa Industries

Kulicke & Soffa Industries NASDAQ: KLIC is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.

Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.

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