Fintel reports that on November 17, 2023, Craig-Hallum upgraded their outlook for Kulicke & Soffa Industries (NASDAQ:KLIC) from Hold to Buy .
Analyst Price Forecast Suggests 15.29% Upside
As of October 31, 2023, the average one-year price target for Kulicke & Soffa Industries is 58.40. The forecasts range from a low of 52.52 to a high of $73.50. The average price target represents an increase of 15.29% from its latest reported closing price of 50.65.
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The projected annual revenue for Kulicke & Soffa Industries is 1,142MM, an increase of 53.81%. The projected annual non-GAAP EPS is 3.68.
Kulicke & Soffa Industries Declares $0.19 Dividend
On August 23, 2023 the company declared a regular quarterly dividend of $0.19 per share ($0.76 annualized). Shareholders of record as of September 21, 2023 received the payment on October 10, 2023. Previously, the company paid $0.19 per share.
At the current share price of $50.65 / share, the stock's dividend yield is 1.50%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.66%, the lowest has been 0.77%, and the highest has been 2.65%. The standard deviation of yields is 0.44 (n=235).
The current dividend yield is 0.36 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.75. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.58%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 639 funds or institutions reporting positions in Kulicke & Soffa Industries. This is a decrease of 3 owner(s) or 0.47% in the last quarter. Average portfolio weight of all funds dedicated to KLIC is 0.26%, a decrease of 5.40%. Total shares owned by institutions decreased in the last three months by 1.39% to 71,326K shares. 
The put/call ratio of KLIC is 0.68, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 6,393K shares representing 11.32% ownership of the company. In it's prior filing, the firm reported owning 6,392K shares, representing an increase of 0.02%. The firm decreased its portfolio allocation in KLIC by 13.96% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 4,699K shares representing 8.32% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,967K shares representing 7.02% ownership of the company. In it's prior filing, the firm reported owning 4,129K shares, representing a decrease of 4.08%. The firm increased its portfolio allocation in KLIC by 4.98% over the last quarter.
Victory Capital Management holds 2,904K shares representing 5.14% ownership of the company. In it's prior filing, the firm reported owning 2,206K shares, representing an increase of 24.02%. The firm decreased its portfolio allocation in KLIC by 21.96% over the last quarter.
American Century Companies holds 2,822K shares representing 5.00% ownership of the company. In it's prior filing, the firm reported owning 2,570K shares, representing an increase of 8.92%. The firm decreased its portfolio allocation in KLIC by 6.88% over the last quarter.
Kulicke & Soffa Industries Background Information
(This description is provided by the company.)
Kulicke & Soffa is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.
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This story originally appeared on Fintel.
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