Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Declares $0.20 Quarterly Dividend

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) declared a quarterly dividend on Thursday, May 16th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 1.67%.

Kulicke and Soffa Industries has raised its dividend by an average of 15.5% annually over the last three years and has raised its dividend every year for the last 6 years. Kulicke and Soffa Industries has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kulicke and Soffa Industries to earn $2.39 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 33.5%.

Kulicke and Soffa Industries Trading Down 0.8 %

KLIC stock traded down $0.40 during trading on Thursday, reaching $47.97. The stock had a trading volume of 420,087 shares, compared to its average volume of 469,210. The firm has a fifty day moving average price of $48.06 and a 200 day moving average price of $49.52. The company has a market capitalization of $2.66 billion, a P/E ratio of -40.27 and a beta of 1.48. Kulicke and Soffa Industries has a 1-year low of $40.20 and a 1-year high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($1.19). Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The business had revenue of $172.10 million during the quarter, compared to analysts' expectations of $170.20 million. During the same period in the prior year, the company posted $0.38 EPS. The company's revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts predict that Kulicke and Soffa Industries will post 0.54 EPS for the current year.

Analysts Set New Price Targets

KLIC has been the subject of several research analyst reports. B. Riley lowered their price objective on Kulicke and Soffa Industries from $54.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, May 3rd. Needham & Company LLC reiterated a "hold" rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. Finally, TheStreet cut Kulicke and Soffa Industries from a "b-" rating to a "c" rating in a research note on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average 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 bought 1,000 shares of the stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $47.51 per share, with a total value of $47,510.00. Following the purchase, the director now owns 92,072 shares in the company, valued at $4,374,340.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company's stock.

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.