Kulicke & Soffa Director Sells $65,350 in Stock (KLIC)
Kulicke & Soffa (NASDAQ:KLIC) Director Steen John O sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.07, for a total transaction of $65,350.00. Following the completion of the transaction, the director now directly owns 84,787 shares of the company’s stock, valued at approximately $1,108,166. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Kulicke & Soffa from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, November 11th. They now have a $11.40 price target on the stock.
Shares of Kulicke & Soffa (NASDAQ:KLIC) traded down 0.88% during mid-day trading on Monday, hitting $13.015. 216,330 shares of the company’s stock traded hands. Kulicke & Soffa has a 1-year low of $10.08 and a 1-year high of $13.70. The stock’s 50-day moving average is $12.61 and its 200-day moving average is $11.91. The company has a market cap of $988.7 million and a price-to-earnings ratio of 16.83.
Kulicke & Soffa (NASDAQ:KLIC) last released its earnings data on Thursday, November 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.02. The company had revenue of $173.60 million for the quarter, compared to the consensus estimate of $183.33 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was down 35.5% on a year-over-year basis. Analysts expect that Kulicke & Soffa will post $0.75 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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