Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Increases Dividend to $0.21 Per Share

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Stockholders of record on Tuesday, January 7th will be given a dividend of 0.205 per share by the semiconductor company on Thursday, December 19th. This represents a $0.82 annualized dividend and a dividend yield of 1.74%. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20.

Kulicke and Soffa Industries has raised its dividend payment by an average of 15.5% annually over the last three years. Kulicke and Soffa Industries has a payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kulicke and Soffa Industries to earn $1.46 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 54.8%.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC traded down $0.99 during trading hours on Wednesday, reaching $47.05. The company’s stock had a trading volume of 555,023 shares, compared to its average volume of 492,306. The firm has a fifty day simple moving average of $43.87 and a 200-day simple moving average of $45.35. Kulicke and Soffa Industries has a 52 week low of $38.20 and a 52 week high of $56.71. The stock has a market cap of $2.56 billion, a P/E ratio of -45.61 and a beta of 1.38.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KLIC. StockNews.com lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday. TD Cowen reduced their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Finally, Craig Hallum decreased their target price on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $47.33.

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.