Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) SVP Nelson Munpun Wong sold 30,000 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $56.53, for a total transaction of $1,695,900.00. Following the transaction, the senior vice president owned 126,369 shares of the company’s stock, valued at $7,143,639.57. This represents a 19.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Nelson Munpun Wong also recently made the following trade(s):
- On Monday, December 8th, Nelson Munpun Wong sold 5,004 shares of Kulicke and Soffa Industries stock. The stock was sold at an average price of $50.07, for a total value of $250,550.28.
Kulicke and Soffa Industries Trading Up 2.0%
Kulicke and Soffa Industries stock traded up $1.12 during midday trading on Wednesday, reaching $56.53. 1,027,184 shares of the stock traded hands, compared to its average volume of 550,005. The firm has a market cap of $2.96 billion, a PE ratio of -2,825.09 and a beta of 1.63. The company has a 50-day simple moving average of $45.69 and a two-hundred day simple moving average of $40.60. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $57.93.
Kulicke and Soffa Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Thursday, December 18th were issued a $0.205 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.5%. Kulicke and Soffa Industries’s dividend payout ratio is currently -4,100.00%.
Institutional Investors Weigh In On Kulicke and Soffa Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in Kulicke and Soffa Industries by 541.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 665,295 shares of the semiconductor company’s stock valued at $27,038,000 after buying an additional 561,571 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in Kulicke and Soffa Industries in the third quarter worth $17,532,000. The Manufacturers Life Insurance Company raised its position in Kulicke and Soffa Industries by 21.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock worth $81,241,000 after purchasing an additional 409,116 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 20.4% during the second quarter. American Century Companies Inc. now owns 2,313,378 shares of the semiconductor company’s stock valued at $80,043,000 after acquiring an additional 392,691 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Kulicke and Soffa Industries by 549.8% during the 2nd quarter. AQR Capital Management LLC now owns 321,313 shares of the semiconductor company’s stock valued at $11,117,000 after purchasing an additional 271,868 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Needham & Company LLC boosted their price objective on shares of Kulicke and Soffa Industries from $46.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a research report on Monday, December 29th. DA Davidson restated a “buy” rating and set a $55.00 target price on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Wall Street Zen upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Zacks Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Kulicke and Soffa Industries presently has an average rating of “Moderate Buy” and an average target price of $47.25.
Get Our Latest Stock Analysis on Kulicke and Soffa Industries
About Kulicke and Soffa Industries
Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.
Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.
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