Nelson Munpun Wong Sells 200 Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) SVP Nelson Munpun Wong sold 200 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $60.00, for a total value of $12,000.00. Following the sale, the senior vice president owned 126,169 shares of the company’s stock, valued at $7,570,140. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was 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 stock was sold at an average price of $50.07, for a total transaction of $250,550.28.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $58.14 on Wednesday. The stock has a market cap of $3.04 billion, a P/E ratio of -2,905.55 and a beta of 1.63. The firm has a 50-day moving average of $49.37 and a 200 day moving average of $42.02. 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 released its quarterly earnings data on Thursday, November 20th. The semiconductor company reported $0.28 EPS 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 company had revenue of $177.56 million during the quarter, compared to the consensus estimate of $169.84 million. During the same period last year, the company earned $0.34 EPS. Kulicke and Soffa Industries’s revenue for the quarter was down 2.1% on a year-over-year basis. Research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders 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 of this dividend was Thursday, December 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -4,100.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KLIC. True Wealth Design LLC raised its holdings in Kulicke and Soffa Industries by 7,609.1% in the 2nd quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 837 shares during the period. Advisory Services Network LLC acquired a new stake in Kulicke and Soffa Industries in the third quarter valued at approximately $29,000. Foster Dykema Cabot & Partners LLC purchased a new position in Kulicke and Soffa Industries in the third quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its holdings in Kulicke and Soffa Industries by 2,665.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 933 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Kulicke and Soffa Industries in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KLIC shares. Wall Street Zen raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. B. Riley reaffirmed a “neutral” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Kulicke and Soffa Industries in a research report on Friday, November 21st. DA Davidson restated a “buy” rating and set a $55.00 price objective on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.