Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) announced a quarterly dividend on Friday, December 5th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.205 per share by the semiconductor company on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, December 18th.
Kulicke and Soffa Industries has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 7 years. Kulicke and Soffa Industries has a dividend payout ratio of 53.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance
Shares of Kulicke and Soffa Industries stock traded up $0.91 during midday trading on Friday, hitting $48.48. The company had a trading volume of 644,422 shares, compared to its average volume of 576,365. Kulicke and Soffa Industries has a 52-week low of $26.63 and a 52-week high of $52.08. The stock has a market capitalization of $2.54 billion, a P/E ratio of -2,422.84 and a beta of 1.63. The company has a 50 day moving average of $40.45 and a 200 day moving average of $37.42.
Insider Buying and Selling at Kulicke and Soffa Industries
In other news, General Counsel Zi Yao Lim sold 1,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the transaction, the general counsel directly owned 23,714 shares in the company, valued at $1,067,130. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.40% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new position in Kulicke and Soffa Industries in the third quarter worth approximately $223,000. Advisory Services Network LLC purchased a new stake in shares of Kulicke and Soffa Industries in the 3rd quarter worth $29,000. Jacobs Levy Equity Management Inc. raised its holdings in Kulicke and Soffa Industries by 541.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 665,295 shares of the semiconductor company’s stock worth $27,038,000 after purchasing an additional 561,571 shares during the period. Mariner LLC lifted its position in Kulicke and Soffa Industries by 10.4% during the third quarter. Mariner LLC now owns 13,873 shares of the semiconductor company’s stock valued at $564,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Kulicke and Soffa Industries during the third quarter valued at $272,000. Institutional investors own 98.22% of the company’s stock.
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.
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