Kulicke and Soffa Industries, Inc. Plans Quarterly Dividend of $0.21 (NASDAQ:KLIC)

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.205 per share by the semiconductor company on Tuesday, April 8th. This represents a $0.82 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, March 20th.

Kulicke and Soffa Industries has increased its dividend by an average of 10.9% annually over the last three years. Kulicke and Soffa Industries has a dividend payout ratio of 36.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kulicke and Soffa Industries to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 47.4%.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock traded down $1.86 during trading on Monday, hitting $36.19. The company's stock had a trading volume of 646,883 shares, compared to its average volume of 493,480. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 301.58 and a beta of 1.38. Kulicke and Soffa Industries has a 52 week low of $27.05 and a 52 week high of $53.71. The stock has a 50-day moving average price of $43.34 and a two-hundred day moving average price of $44.64.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. On average, equities analysts predict that Kulicke and Soffa Industries will post 0.93 EPS for the current fiscal year.

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Analyst Ratings Changes

KLIC has been the topic of several recent analyst reports. TD Cowen boosted their target price on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a "hold" rating in a report on Friday, November 15th. DA Davidson cut their target price on Kulicke and Soffa Industries from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

Kulicke and Soffa Industries announced that its board has authorized a stock buyback program on Wednesday, November 13th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the semiconductor company to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

About Kulicke and Soffa Industries

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.