Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) declared a quarterly dividend on Tuesday, March 3rd. Stockholders of record on Thursday, March 19th will be paid a dividend of 0.205 per share by the semiconductor company on Wednesday, April 8th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, March 19th.
Kulicke and Soffa Industries has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Kulicke and Soffa Industries has a payout ratio of 53.6% 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
KLIC opened at $66.14 on Tuesday. The firm has a market cap of $3.46 billion, a PE ratio of -54.66 and a beta of 1.57. The stock has a 50-day moving average price of $63.66 and a 200-day moving average price of $49.55. Kulicke and Soffa Industries has a 1 year low of $26.63 and a 1 year high of $77.50.
Analyst Upgrades and Downgrades
KLIC has been the topic of several analyst reports. DA Davidson reiterated a “buy” rating and issued a $55.00 target price on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Weiss Ratings lowered shares of Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Needham & Company LLC upped their price objective on Kulicke and Soffa Industries from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, B. Riley Financial reissued a “neutral” rating and issued a $39.00 target price (up from $35.00) on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.
Check Out Our Latest Research Report on Kulicke and Soffa Industries
Kulicke and Soffa Industries Company Profile
Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.
Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.
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