Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) SVP Nelson Munpun Wong sold 39,800 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $60.98, for a total transaction of $2,427,004.00. Following the completion of the transaction, the senior vice president owned 86,369 shares in the company, valued at $5,266,781.62. This represents a 31.54% decrease in their ownership of the stock. The sale 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 Thursday, January 22nd, Nelson Munpun Wong sold 200 shares of Kulicke and Soffa Industries stock. The stock was sold at an average price of $60.00, for a total transaction of $12,000.00.
- 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 transaction 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 Price Performance
Shares of NASDAQ:KLIC opened at $72.92 on Tuesday. The company’s fifty day moving average price is $52.87 and its 200 day moving average price is $43.69. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $73.00. The firm has a market capitalization of $3.82 billion, a P/E ratio of -60.26 and a beta of 1.67.
Kulicke and Soffa Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Thursday, December 18th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.1%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -67.77%.
Analyst Upgrades and Downgrades
KLIC has been the subject of several recent analyst reports. Zacks Research cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Needham & Company LLC increased their price objective on Kulicke and Soffa Industries from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. B. Riley Financial reissued a “neutral” rating and set a $39.00 price objective (up previously from $35.00) on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Finally, DA Davidson reiterated a “buy” rating and set a $55.00 target price 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.50.
Get Our Latest Analysis on KLIC
Hedge Funds Weigh In On Kulicke and Soffa Industries
Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Kulicke and Soffa Industries by 10.0% during the 1st quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company’s stock valued at $2,118,000 after acquiring an additional 5,836 shares during the last quarter. AQR Capital Management LLC grew its stake in Kulicke and Soffa Industries by 168.8% during the first quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 31,048 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kulicke and Soffa Industries by 2.9% during the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 buying an additional 11,522 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Kulicke and Soffa Industries by 55.7% in the 1st quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company’s stock worth $2,206,000 after acquiring an additional 23,923 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.
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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