Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products. It also services, maintains, repairs, and upgrades equipment. The company serves semiconductor device manufacturers, integrated device manufacturers, outsourced semiconductor assembly and test providers, other electronics manufacturers, industrial manufacturers, and automotive electronics suppliers primarily in the United States and the Asia/Pacific region. Kulicke and Soffa Industries, Inc. was founded in 1951 and is headquartered in Singapore.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on KLIC shares. StockNews.com cut Kulicke and Soffa Industries from a "buy" rating to a "hold" rating in a report on Saturday. B. Riley reduced their price target on Kulicke and Soffa Industries from $59.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, June 15th. Finally, DA Davidson reaffirmed a "buy" rating on shares of Kulicke and Soffa Industries in a research note on Wednesday, July 27th.
Kulicke and Soffa Industries Stock Up 4.1 %
KLIC traded up $1.90 during trading on Wednesday, hitting $47.84. The company's stock had a trading volume of 648,334 shares, compared to its average volume of 850,484. Kulicke and Soffa Industries has a twelve month low of $37.35 and a twelve month high of $75.29. The stock's fifty day moving average price is $46.19 and its 200-day moving average price is $50.37. The firm has a market capitalization of $2.78 billion, a P/E ratio of 5.95 and a beta of 1.35.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The semiconductor company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.54. Kulicke and Soffa Industries had a return on equity of 45.08% and a net margin of 29.50%. During the same period last year, the firm earned $1.87 EPS. Equities research analysts expect that Kulicke and Soffa Industries will post 7.19 EPS for the current fiscal year.
Kulicke and Soffa Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Thursday, June 23rd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 22nd. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. Kulicke and Soffa Industries's dividend payout ratio is 8.44%.
Insider Activity
In other news, SVP Nelson Munpun Wong sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $53.78, for a total transaction of $268,900.00. Following the completion of the sale, the senior vice president now owns 166,167 shares in the company, valued at $8,936,461.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company's stock.