Kulicke & Soffa VP Sells $12,470 in Stock (KLIC)
Kulicke & Soffa (NASDAQ:KLIC) VP Matthew Steven Vorona sold 1,090 shares of the stock on the open market in a transaction dated Monday, October 7th. The stock was sold at an average price of $11.44, for a total value of $12,469.60. Following the completion of the transaction, the vice president now directly owns 19,958 shares of the company’s stock, valued at approximately $228,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
KLIC has been the subject of a number of recent research reports. 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.
Shares of Kulicke & Soffa (NASDAQ:KLIC) traded up 1.06% on Wednesday, hitting $11.41. 525,560 shares of the company’s stock traded hands. Kulicke & Soffa has a 1-year low of $9.41 and a 1-year 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 announced its earnings results 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 in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was down 44.7% on a year-over-year basis. Analysts expect that Kulicke & Soffa will post $0.81 EPS for the current fiscal year.
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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