Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) announced a quarterly dividend on Friday, September 14th, RTT News reports. Shareholders of record on Thursday, September 27th will be paid a dividend of 0.12 per share by the semiconductor company on Monday, October 15th. This represents a $0.48 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Wednesday, September 26th.
Shares of NASDAQ KLIC traded up $0.38 on Friday, hitting $21.25. The company’s stock had a trading volume of 556,731 shares, compared to its average volume of 687,993. Kulicke and Soffa Industries has a 12-month low of $20.65 and a 12-month high of $28.71. The company has a market capitalization of $1.61 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.02 and a quick ratio of 4.42.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 1st. The semiconductor company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.23. The company had revenue of $268.83 million for the quarter, compared to the consensus estimate of $260.42 million. Kulicke and Soffa Industries had a net margin of 6.93% and a return on equity of 19.51%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share. On average, analysts forecast that Kulicke and Soffa Industries will post 2.27 EPS for the current fiscal year.
Several brokerages recently issued reports on KLIC. ValuEngine downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. BidaskClub raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 4th. Finally, B. Riley upped their price objective on shares of Kulicke and Soffa Industries from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.70.
Kulicke and Soffa Industries declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 10th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 5.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
In related news, Director Peter T. M. Kong purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average price of $26.89 per share, with a total value of $134,450.00. Following the completion of the transaction, the director now owns 45,090 shares of the company’s stock, valued at approximately $1,212,470.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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 expendable 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, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
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