Kulicke and Soffa Industries Inc. (KLIC) Sees Unusually-High Trading Volume
Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) saw an uptick in 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 brokerages have commented on KLIC. B. Riley restated a “buy” rating and issued a $16.00 target price on shares of Kulicke and Soffa Industries in a research note on Tuesday, August 9th. Zacks Investment Research downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 6th.
The firm has a market cap of $877.90 million and a price-to-earnings ratio of 19.01. The company 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 posted its quarterly 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. During the same quarter in the previous year, the business posted $0.33 EPS. The business had revenue of $216.40 million for the quarter, compared to the consensus estimate of $200.76 million. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities research analysts anticipate that Kulicke and Soffa Industries Inc. will post $0.62 earnings per share for the current year.
In related news, VP Nelson Munpun Wong sold 10,000 shares of Kulicke and Soffa Industries 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 transaction, the vice president now owns 61,689 shares in the company, valued at $794,554.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yih-Neng Lee sold 5,883 shares of Kulicke and Soffa Industries stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $12.89, for a total value 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.