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.
Kulicke and Soffa Industries Price Performance
NASDAQ:KLIC traded up $1.27 on Friday, reaching $50.10. 755,786 shares of the company's stock were exchanged, compared to its average volume of 877,544. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 6.22 and a beta of 1.35. Kulicke and Soffa Industries has a 52 week low of $37.35 and a 52 week high of $75.29. The stock has a fifty day simple moving average of $45.91 and a 200-day simple moving average of $50.26.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The semiconductor company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.54. Kulicke and Soffa Industries had a net margin of 29.50% and a return on equity of 45.08%. During the same period last year, the company earned $1.87 earnings per share. As a group, sell-side analysts predict that Kulicke and Soffa Industries will post 7.17 EPS for the current 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 given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.36%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 8.44%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on KLIC. DA Davidson restated a "buy" rating on shares of Kulicke and Soffa Industries in a research report on Wednesday, July 27th. B. Riley cut their target price on shares of Kulicke and Soffa Industries from $59.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, June 15th. Finally, StockNews.com lowered shares of Kulicke and Soffa Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 6th.
Insider Activity
In other news, SVP Nelson Munpun Wong sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $53.78, for a total value of $268,900.00. Following the completion of the transaction, the senior vice president now directly owns 166,167 shares in the company, valued at $8,936,461.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.