Insider Selling: Kulicke and Soffa Industries Director Sells 1,115 Shares of Stock (KLIC)
Kulicke and Soffa Industries (NASDAQ:KLIC) Director Brian R. Bachman sold 1,115 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $13.91, for a total value of $15,509.65. Following the completion of the sale, the director now directly owns 20,593 shares of the company’s stock, valued at approximately $286,449. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at B. Riley reiterated a “buy” rating on shares of Kulicke and Soffa Industries in a research note on Wednesday, July 30th. They now have a $17.50 price target on the stock, up previously from $16.50.
Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) traded up 0.79% on Friday, hitting $14.00. 307,562 shares of the company’s stock traded hands. Kulicke and Soffa Industries has a 52-week low of $10.73 and a 52-week high of $15.10. The stock’s 50-day moving average is $14.13 and its 200-day moving average is $13.10. The company has a market cap of $1.073 billion and a price-to-earnings ratio of 16.78.
Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.01. The company had revenue of $180.50 million for the quarter, compared to the consensus estimate of $170.00 million. During the same quarter last year, the company posted $0.25 earnings per share. Kulicke and Soffa Industries’s revenue was up 27.8% compared to the same quarter last year. On average, analysts predict that Kulicke and Soffa Industries will post $0.86 earnings per share 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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