Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) reached a new 52-week high 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 recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $16.00 price target on shares of Kulicke and Soffa Industries in a research report on Tuesday, August 9th. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 6th.

The stock’s 50-day moving average price is $12.55 and its 200 day moving average price is $11.73. The stock has a market cap of $906.76 million and a price-to-earnings ratio of 19.63.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.08. The firm earned $216.40 million during the quarter, compared to the consensus estimate of $200.76 million. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities analysts anticipate that Kulicke and Soffa Industries Inc. will post $0.62 EPS for the current fiscal year.

In other Kulicke and Soffa Industries news, insider Lester A. Wong sold 5,001 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $12.68, for a total value of $63,412.68. Following the completion of the sale, the insider now directly owns 67,417 shares of the company’s stock, valued at approximately $854,847.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nelson Munpun Wong sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $12.88, for a total transaction of $128,800.00. Following the completion of the sale, the vice president now directly owns 61,689 shares of the company’s stock, valued at $794,554.32. The disclosure for this sale can be found here.

Other large investors have recently modified their holdings of the company. California Public Employees Retirement System increased its stake 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. Matarin Capital Management LLC bought a new position in Kulicke and Soffa Industries during the fourth quarter worth $4,651,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Kulicke and Soffa Industries during the fourth quarter worth $1,080,000.

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.

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