Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) General Counsel Zi Yao Lim sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $71.54, for a total value of $71,540.00. Following the completion of the sale, the general counsel directly owned 22,714 shares in the company, valued at $1,624,959.56. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Zi Yao Lim also recently made the following trade(s):
- On Tuesday, December 2nd, Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock. The stock was sold at an average price of $45.00, for a total value of $45,000.00.
Kulicke and Soffa Industries Trading Down 0.6%
KLIC opened at $71.62 on Friday. The company has a market cap of $3.75 billion, a P/E ratio of -59.19 and a beta of 1.67. The company’s 50 day moving average is $54.98 and its 200-day moving average is $44.64. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $77.50.
Kulicke and Soffa Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Thursday, December 18th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, December 18th. Kulicke and Soffa Industries’s dividend payout ratio is presently -67.77%.
Hedge Funds Weigh In On Kulicke and Soffa Industries
A number of hedge funds have recently bought and sold shares of KLIC. CIBC Asset Management Inc boosted its position in Kulicke and Soffa Industries by 3.4% during the fourth quarter. CIBC Asset Management Inc now owns 5,231 shares of the semiconductor company’s stock valued at $238,000 after acquiring an additional 171 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Kulicke and Soffa Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,556 shares of the semiconductor company’s stock valued at $344,000 after purchasing an additional 172 shares during the period. Pallas Capital Advisors LLC boosted its position in shares of Kulicke and Soffa Industries by 2.6% during the 4th quarter. Pallas Capital Advisors LLC now owns 7,368 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 190 shares in the last quarter. ProShare Advisors LLC grew its stake in Kulicke and Soffa Industries by 2.0% during the fourth quarter. ProShare Advisors LLC now owns 9,926 shares of the semiconductor company’s stock worth $452,000 after purchasing an additional 198 shares during the period. Finally, HighTower Advisors LLC increased its holdings in Kulicke and Soffa Industries by 3.0% in the fourth quarter. HighTower Advisors LLC now owns 6,929 shares of the semiconductor company’s stock worth $316,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on KLIC shares. Wall Street Zen raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Needham & Company LLC boosted their target price on shares of Kulicke and Soffa Industries from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. DA Davidson reaffirmed 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. Weiss Ratings cut shares of Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Finally, B. Riley Financial reaffirmed a “neutral” rating and set a $39.00 target price (up from $35.00) on shares of Kulicke and Soffa Industries in a research report on Friday, November 21st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $50.50.
Check Out Our Latest Stock Analysis on Kulicke and Soffa Industries
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.
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