Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Friday, March 27th will be given a dividend of 0.12 per share by the semiconductor company on Monday, April 13th. This represents a $0.48 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 26th.
Kulicke and Soffa Industries has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kulicke and Soffa Industries to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 24.0%.
Kulicke and Soffa Industries stock opened at $24.89 on Friday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 58.16 and a beta of 1.46. Kulicke and Soffa Industries has a 1 year low of $18.80 and a 1 year high of $28.66. The firm’s 50 day moving average price is $26.75 and its two-hundred day moving average price is $24.41.
Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. ValuEngine lowered shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. DA Davidson upgraded shares of Kulicke and Soffa Industries from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, November 21st. Craig Hallum lifted their price target on shares of Kulicke and Soffa Industries from to in a research report on Friday, January 31st. Finally, Cowen lifted their price target on shares of Kulicke and Soffa Industries from $25.00 to $27.00 and gave the stock a “market perform” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Kulicke and Soffa Industries has a consensus rating of “Hold” and a consensus price target of $29.80.
In related news, Director Brian R. Bachman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.50, for a total value of $27,500.00. Following the completion of the transaction, the director now owns 23,667 shares of the company’s stock, valued at approximately $650,842.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
About Kulicke and Soffa Industries
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
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