Kulicke and Soffa Industries (NASDAQ:KLIC) SVP Sells $12,000.00 in Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) SVP Nelson Munpun Wong sold 200 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $60.00, for a total transaction of $12,000.00. Following the transaction, the senior vice president owned 126,169 shares of the company’s stock, valued at approximately $7,570,140. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nelson Munpun Wong also recently made the following trade(s):

• On Monday, January 12th, Nelson Munpun Wong sold 30,000 shares of Kulicke and Soffa Industries stock. The shares were sold at an average price of $56.53, for a total value of $1,695,900.00.
• On Monday, December 8th, Nelson Munpun Wong sold 5,004 shares of Kulicke and Soffa Industries stock. The shares were sold at an average price of $50.07, for a total transaction of $250,550.28.

Kulicke and Soffa Industries Stock Up 0.0%

KLIC traded up $0.01 during midday trading on Monday, hitting $57.56. 517,474 shares of the company were exchanged, compared to its average volume of 631,027. The firm’s 50 day moving average price is $48.91 and its 200-day moving average price is $41.86. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $60.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Thursday, November 20th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. Kulicke and Soffa Industries had a negative return on equity of 1.64% and a net margin of 0.03%.The firm had revenue of $177.56 million during the quarter, compared to analyst estimates of $169.84 million. During the same period last year, the company posted $0.34 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Thursday, December 18th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, December 18th. Kulicke and Soffa Industries’s payout ratio is presently -4,100.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KLIC. Royal Bank of Canada lifted its holdings in shares of Kulicke and Soffa Industries by 10.0% in the 1st quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company’s stock worth $2,118,000 after acquiring an additional 5,836 shares during the last quarter. AQR Capital Management LLC raised its position in Kulicke and Soffa Industries by 168.8% in the 1st quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company’s stock worth $1,631,000 after purchasing an additional 31,048 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Kulicke and Soffa Industries by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 877 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kulicke and Soffa Industries by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company’s stock worth $5,140,000 after purchasing an additional 11,522 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Kulicke and Soffa Industries by 55.7% during the first quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company’s stock valued at $2,206,000 after buying an additional 23,923 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $55.00 price target on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Wall Street Zen raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Needham & Company LLC upped their price target on Kulicke and Soffa Industries from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, B. Riley reissued a “neutral” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.00.

Kulicke and Soffa Industries Company Profile

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.