Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) VP Sells $13,845.76 in Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) VP Robert Nestor Chylak sold 232 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Tuesday, November 23rd. The stock was sold at an average price of $59.68, for a total value of $13,845.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of KLIC stock traded down $0.24 on Thursday, reaching $60.01. 564,274 shares of the company’s stock were exchanged, compared to its average volume of 969,533. Kulicke and Soffa Industries, Inc. has a 52 week low of $29.90 and a 52 week high of $75.29. The stock has a market capitalization of $3.75 billion, a PE ratio of 10.36 and a beta of 1.27. The company’s fifty day simple moving average is $57.80 and its 200 day simple moving average is $58.18.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, November 17th. The semiconductor company reported $2.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.04. Kulicke and Soffa Industries had a return on equity of 41.70% and a net margin of 24.19%. During the same quarter last year, the firm posted $0.29 earnings per share. Equities analysts predict that Kulicke and Soffa Industries, Inc. will post 5.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 10th. Shareholders of record on Thursday, December 23rd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 22nd. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. Kulicke and Soffa Industries’s payout ratio is 9.67%.

Hedge funds and other institutional investors have recently modified their holdings of the business. D Orazio & Associates Inc. bought a new stake in Kulicke and Soffa Industries during the 3rd quarter valued at $25,000. Nisa Investment Advisors LLC bought a new stake in Kulicke and Soffa Industries during the 2nd quarter valued at $26,000. Global Retirement Partners LLC bought a new stake in Kulicke and Soffa Industries during the 3rd quarter valued at $27,000. Baillie Gifford & Co. bought a new stake in Kulicke and Soffa Industries during the 3rd quarter valued at $29,000. Finally, Exchange Traded Concepts LLC bought a new stake in Kulicke and Soffa Industries during the 3rd quarter valued at $30,000. 94.47% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on KLIC. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Wednesday, November 3rd. B. Riley lifted their target price on Kulicke and Soffa Industries from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, September 17th. Craig Hallum lifted their target price on Kulicke and Soffa Industries from $64.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, August 6th. DA Davidson lifted their target price on Kulicke and Soffa Industries from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, September 24th. Finally, Needham & Company LLC lifted their target price on Kulicke and Soffa Industries from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, September 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $82.40.

About Kulicke and Soffa Industries

Kulicke & Soffa Industries, Inc engages in the designing, manufacturing, and sale of tools used to assemble semiconductor devices, including integrated circuits, high and low powered discrete devices, light-emitting diodes, and power modules. It operates through the Capital Equipment and Aftermarket Products & Services (APS) segments.

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Insider Buying and Selling by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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