Kulicke and Soffa Industries Director Brian R. Bachman Unloads 1,115 Shares (KLIC)
Kulicke and Soffa Industries (NASDAQ:KLIC) Director Brian R. Bachman unloaded 1,115 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $13.91, for a total value of $15,509.65. Following the completion of the transaction, the director now directly owns 20,593 shares in the company, valued at approximately $286,449. The sale was disclosed in a filing 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) opened at 14.00 on Friday. Kulicke and Soffa Industries has a 1-year low of $10.73 and a 1-year 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 P/E ratio of 16.78.
Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Analysts expect that Kulicke and Soffa Industries will post $0.86 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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