Kulicke and Soffa Industries (NASDAQ:KLIC) Shares Up 5.9%

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)’s share price shot up 5.9% during trading on Thursday . The stock traded as high as $62.00 and last traded at $61.93. 7,094 shares traded hands during trading, a decline of 99% from the average session volume of 983,170 shares. The stock had previously closed at $58.50.

Several brokerages have commented on KLIC. DA Davidson upped their target price on shares of Kulicke and Soffa Industries from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, September 24th. Needham & Company LLC upped their price objective on shares of Kulicke and Soffa Industries from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, September 24th. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, November 3rd. Finally, B. Riley upped their price objective on shares of Kulicke and Soffa Industries from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, September 17th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $82.40.

The stock’s 50-day moving average is $59.36 and its 200 day moving average is $59.90. The firm has a market cap of $3.78 billion, a P/E ratio of 10.46 and a beta of 1.24.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Wednesday, November 17th. The semiconductor company reported $2.17 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.04. The business had revenue of $485.33 million during the quarter, compared to analysts’ expectations of $485.00 million. Kulicke and Soffa Industries had a net margin of 24.19% and a return on equity of 41.70%. During the same quarter in the prior year, the company earned $0.29 EPS. On average, analysts predict that Kulicke and Soffa Industries, Inc. will post 5.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 10th. Investors of record on Thursday, December 23rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 22nd. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a yield of 1.12%. Kulicke and Soffa Industries’s dividend payout ratio is presently 11.74%.

In related news, CFO Lester A. Wong sold 30,000 shares of the company’s stock in a transaction on Friday, December 10th. The shares were sold at an average price of $67.83, for a total value of $2,034,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chan Pin Chong sold 25,384 shares of the company’s stock in a transaction on Tuesday, December 7th. The stock was sold at an average price of $62.49, for a total transaction of $1,586,246.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,784 shares of company stock valued at $6,988,982. Company insiders own 2.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Credit Suisse AG boosted its stake in shares of Kulicke and Soffa Industries by 0.3% during the 2nd quarter. Credit Suisse AG now owns 69,535 shares of the semiconductor company’s stock worth $4,257,000 after buying an additional 175 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Kulicke and Soffa Industries by 6.9% during the 3rd quarter. Captrust Financial Advisors now owns 3,690 shares of the semiconductor company’s stock worth $216,000 after buying an additional 237 shares during the last quarter. CWM Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 3.1% during the 2nd quarter. CWM Advisors LLC now owns 7,854 shares of the semiconductor company’s stock worth $481,000 after buying an additional 238 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Kulicke and Soffa Industries by 5.3% during the 3rd quarter. CIBC Asset Management Inc now owns 5,068 shares of the semiconductor company’s stock worth $295,000 after buying an additional 254 shares during the last quarter. Finally, First Quadrant L P CA boosted its stake in shares of Kulicke and Soffa Industries by 95.2% during the 3rd quarter. First Quadrant L P CA now owns 656 shares of the semiconductor company’s stock worth $38,000 after buying an additional 320 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

Kulicke and Soffa Industries Company Profile (NASDAQ:KLIC)

Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of semiconductor and electronic assembly solutions. It includes integrated circuits (ICs), high and low powered discrete devices, light-emitting diodes (LEDs), and power modules. It serves global automotive, consumer, communications, computing, and industrial markets.

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