Insider Selling: Barry Waite Sells 1,000 Shares of Kulicke & Soffa Stock (KLIC)
Kulicke & Soffa (NASDAQ:KLIC) Director Barry Waite sold 1,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $11.46, for a total value of $11,460.00. Following the transaction, the director now directly owns 39,879 shares in the company, valued at approximately $457,013. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Kulicke & Soffa (NASDAQ:KLIC) traded up 1.06% during mid-day trading on Wednesday, hitting $11.41. The stock had a trading volume of 525,560 shares. Kulicke & Soffa has a 52-week low of $9.41 and a 52-week high of $12.95. The stock’s 50-day moving average is $11.38 and its 200-day moving average is $11.34. The company has a market cap of $858.9 million and a P/E ratio of 8.85.
Kulicke & Soffa (NASDAQ:KLIC) last released its earnings data on Tuesday, July 30th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.11. The company had revenue of $141.20 million for the quarter, compared to the consensus estimate of $127.50 million. During the same quarter last year, the company posted $0.90 earnings per share. Kulicke & Soffa’s revenue was down 44.7% compared to the same quarter last year. On average, analysts predict that Kulicke & Soffa will post $0.81 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on KLIC shares. Analysts at Standpoint Research initiated coverage on shares of Kulicke & Soffa in a research note to investors on Monday, September 30th. They set a “buy” rating and a $17.00 price target on the stock. Analysts at Jefferies Group cut their price target on shares of Kulicke & Soffa from $18.00 to $17.00 in a research note to investors on Thursday, August 1st.
Kulicke and Soffa Industries, Inc (NASDAQ:KLIC) designs, manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits (IC), high and low powered discrete devices, light-emitting diodes (LEDs), and power modules.
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