Kulicke and Soffa Industries (NASDAQ:KLIC) SVP Nelson Munpun Wong Sells 200 Shares

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) SVP Nelson Munpun Wong sold 200 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $60.00, for a total value of $12,000.00. Following the completion of the transaction, the senior vice president owned 126,169 shares of the company’s stock, valued at $7,570,140. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Nelson Munpun Wong also recently made the following trade(s):

• On Monday, January 12th, Nelson Munpun Wong sold 30,000 shares of Kulicke and Soffa Industries stock. The stock was sold at an average price of $56.53, for a total transaction of $1,695,900.00.
• On Monday, December 8th, Nelson Munpun Wong sold 5,004 shares of Kulicke and Soffa Industries stock. The stock was sold at an average price of $50.07, for a total transaction of $250,550.28.

Kulicke and Soffa Industries Trading Up 0.0%

NASDAQ KLIC opened at $57.56 on Tuesday. The business’s 50-day moving average price is $48.91 and its two-hundred day moving average price is $41.86. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $60.00. The firm has a market capitalization of $3.01 billion, a PE ratio of -2,876.56 and a beta of 1.63.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Thursday, November 20th. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Kulicke and Soffa Industries had a net margin of 0.03% and a negative return on equity of 1.64%. The business had revenue of $177.56 million during the quarter, compared to the consensus estimate of $169.84 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Thursday, December 18th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.82 annualized dividend and a dividend yield of 1.4%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -4,100.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KLIC. True Wealth Design LLC lifted its position in Kulicke and Soffa Industries by 7,609.1% during the second quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 837 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter valued at $29,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Kulicke and Soffa Industries by 2,665.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 933 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Kulicke and Soffa Industries in the second quarter worth $34,000. 98.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KLIC shares. Wall Street Zen raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Sunday. Needham & Company LLC increased their target price on shares of Kulicke and Soffa Industries from $57.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Zacks Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. B. Riley restated a “neutral” rating and set a $39.00 price target (up previously from $35.00) on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of “Hold” and an average target price of $49.00.

Kulicke and Soffa Industries Company Profile

Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.

Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.