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 yield of 1.95%.
Shares of Kulicke and Soffa Industries stock opened at $24.66 on Friday. Kulicke and Soffa Industries has a 1 year low of $18.86 and a 1 year high of $28.71. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 0.90 and a beta of 1.17. 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 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. Kulicke and Soffa Industries had a net margin of 6.93% and a return on equity of 19.51%. The business had revenue of $268.83 million during the quarter, compared to analyst estimates of $260.42 million. During the same period in the previous year, the business posted $0.62 earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was up 10.2% on a year-over-year basis. equities research analysts predict that Kulicke and Soffa Industries will post 2.27 earnings per share for the current fiscal year.
Kulicke and Soffa Industries announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 10th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Saturday, July 21st. B. Riley lifted their target price on shares of Kulicke and Soffa Industries from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, June 1st. BidaskClub lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.70.
In other Kulicke and Soffa Industries news, Director Brian R. Bachman sold 2,200 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Friday, July 13th. The shares were sold at an average price of $28.00, for a total transaction of $61,600.00. Following the transaction, the director now directly owns 17,928 shares of the company’s stock, valued at $501,984. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter T. M. Kong purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were acquired at an average cost of $26.89 per share, for a total transaction of $134,450.00. Following the completion of the purchase, the director now directly owns 45,090 shares of the company’s stock, valued at approximately $1,212,470.10. The disclosure for this purchase can be found here. Insiders have sold 22,900 shares of company stock worth $639,000 over the last three months. Insiders own 1.40% of the company’s stock.
Kulicke and Soffa Industries Company Profile
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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