Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Raises 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 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost 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. Equities 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 Stock Down 2.1 %

Shares of NASDAQ KLIC traded down $0.99 during mid-day trading on Wednesday, reaching $47.05. 555,023 shares of the company were exchanged, compared to its average volume of 492,306. The company’s 50-day simple moving average is $43.87 and its 200-day simple moving average is $45.35. The stock has a market capitalization of $2.56 billion, a P/E ratio of -45.61 and a beta of 1.38. Kulicke and Soffa Industries has a twelve month low of $38.20 and a twelve month high of $56.71.

Analyst Upgrades and Downgrades

KLIC has been the subject of several analyst reports. Craig Hallum dropped their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen dropped their target price on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, StockNews.com cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Hold” and a consensus 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.