Kulicke and Soffa Industries Inc. (KLIC) Reaches New 52-Week High at $13.00
Kulicke and Soffa Industries Inc. (NASDAQ:KLIC)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $13.00 and last traded at $12.94, with a volume of 87,010 shares trading hands. The stock had previously closed at $12.94.
A number of equities research analysts have issued reports on KLIC shares. B. Riley restated a “buy” rating and set a $16.00 price objective on shares of Kulicke and Soffa Industries in a research report on Tuesday, August 9th. Zacks Investment Research downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 6th.
The company has a market cap of $910.99 million and a price-to-earnings ratio of 19.73. The stock’s 50 day moving average price is $12.53 and its 200 day moving average price is $11.71.
Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The company had revenue of $216.40 million for the quarter, compared to analysts’ expectations of $200.76 million. During the same period in the prior year, the company posted $0.33 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Analysts predict that Kulicke and Soffa Industries Inc. will post $0.62 EPS for the current year.
In related news, VP Nelson Munpun Wong sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $12.88, for a total transaction of $128,800.00. Following the completion of the transaction, the vice president now owns 61,689 shares in the company, valued at $794,554.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lester A. Wong sold 5,001 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $12.68, for a total transaction of $63,412.68. Following the transaction, the insider now owns 67,417 shares of the company’s stock, valued at approximately $854,847.56. The disclosure for this sale can be found here.
Other institutional investors have recently modified their holdings of the company. Matarin Capital Management LLC purchased a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth approximately $4,651,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth approximately $1,080,000. Finally, California Public Employees Retirement System increased its position in shares of Kulicke and Soffa Industries by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 253,570 shares of the company’s stock worth $2,959,000 after buying an additional 5,300 shares during the last quarter.
Kulicke and Soffa Industries, Inc (K&S), 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. The Company also service, maintain, repair and upgrade its equipment.