Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares saw strong trading volume on Friday . 475,442 shares changed hands during mid-day trading, an increase of 80% from the previous session’s volume of 264,442 shares.The stock last traded at $12.47 and had previously closed at $12.36.

A number of research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $16.00 target price on shares of Kulicke and Soffa Industries in a report on Monday, May 9th. Zacks Investment Research lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 6th.

The firm has a market cap of $877.90 million and a PE ratio of 19.01. The firm has a 50-day moving average price of $12.61 and a 200 day moving average price of $11.83.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $216.40 million for the quarter, compared to the consensus estimate of $200.76 million. During the same period in the prior year, the business earned $0.33 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities research analysts expect that Kulicke and Soffa Industries Inc. will post $0.62 EPS for the current fiscal year.

In other Kulicke and Soffa Industries news, insider Yih-Neng Lee sold 5,883 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $12.89, for a total transaction of $75,831.87. Following the transaction, the insider now owns 51,365 shares of the company’s stock, valued at approximately $662,094.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Nelson Munpun Wong sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $12.88, for a total value of $128,800.00. Following the transaction, the vice president now directly owns 61,689 shares in the company, valued at approximately $794,554.32. The disclosure for this sale can be found here.

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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