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 dated 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 completion of the sale, the senior vice president owned 126,369 shares in the company, valued at $7,143,639.57. This represents a 19.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 shares were sold at an average price of $50.07, for a total value of $250,550.28.
Kulicke and Soffa Industries Stock Performance
Shares of KLIC opened at $59.17 on Friday. The firm has a market capitalization of $3.10 billion, a P/E ratio of -2,957.02 and a beta of 1.63. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $59.59. The stock has a 50 day moving average price of $46.11 and a two-hundred day moving average price of $40.73.
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 given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, December 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -4,100.00%.
Analyst Ratings Changes
Several equities research analysts have commented on KLIC shares. DA Davidson reiterated a “buy” rating and issued a $55.00 price objective on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Zacks Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. B. Riley reiterated a “neutral” rating and set a $39.00 price target (up from $35.00) on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Wall Street Zen raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.25.
Check Out Our Latest Report on Kulicke and Soffa Industries
Institutional Trading of Kulicke and Soffa Industries
Large investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its position in shares of Kulicke and Soffa Industries by 541.4% during the 3rd 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 during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in Kulicke and Soffa Industries in the 3rd quarter valued at about $17,532,000. The Manufacturers Life Insurance Company raised its stake in Kulicke and Soffa Industries by 21.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock valued at $81,241,000 after acquiring an additional 409,116 shares during the period. American Century Companies Inc. lifted its holdings in 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 purchasing an additional 392,691 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Kulicke and Soffa Industries by 549.8% during the second quarter. AQR Capital Management LLC now owns 321,313 shares of the semiconductor company’s stock worth $11,117,000 after purchasing an additional 271,868 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.
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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