Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) SVP Nelson Munpun Wong Sells 5,000 Shares of Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Rating) SVP Nelson Munpun Wong sold 5,000 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $53.80, for a total value of $269,000.00. Following the completion of the transaction, the senior vice president now directly owns 185,076 shares in the company, valued at approximately $9,957,088.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kulicke and Soffa Industries Trading Down 2.2 %

Shares of NASDAQ:KLIC traded down $1.20 on Friday, reaching $52.49. 1,532,038 shares of the company traded hands, compared to its average volume of 471,535. The stock has a market capitalization of $2.98 billion, a P/E ratio of 10.09 and a beta of 1.39. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.95 and a 52 week high of $62.16. The business’s 50-day simple moving average is $52.60 and its 200 day simple moving average is $46.54.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Rating) last posted its earnings results on Thursday, February 2nd. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. The company had revenue of $176.20 million for the quarter, compared to analysts’ expectations of $176.49 million. Kulicke and Soffa Industries had a return on equity of 28.72% and a net margin of 25.80%. Kulicke and Soffa Industries’s quarterly revenue was down 61.8% on a year-over-year basis. During the same period last year, the firm earned $2.19 earnings per share. Sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 1.85 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Thursday, March 23rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 22nd. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. Kulicke and Soffa Industries’s payout ratio is presently 14.62%.

Institutional Trading of Kulicke and Soffa Industries

Large investors have recently modified their holdings of the business. RFP Financial Group LLC bought a new stake in shares of Kulicke and Soffa Industries in the fourth quarter worth about $25,000. Quadrant Capital Group LLC lifted its holdings in Kulicke and Soffa Industries by 480.2% in the third quarter. Quadrant Capital Group LLC now owns 1,143 shares of the semiconductor company’s stock worth $44,000 after buying an additional 946 shares during the period. Point72 Middle East FZE purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth about $65,000. Strs Ohio purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth about $75,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Kulicke and Soffa Industries in the third quarter worth about $87,000. 98.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KLIC shares. B. Riley increased their target price on Kulicke and Soffa Industries from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, February 3rd. StockNews.com assumed coverage on Kulicke and Soffa Industries in a research note on Thursday. They set a “hold” rating on the stock. DA Davidson raised their price objective on Kulicke and Soffa Industries from $55.00 to $60.00 in a research note on Friday, November 18th. Finally, Craig Hallum raised their price objective on Kulicke and Soffa Industries from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, February 3rd.

About Kulicke and Soffa Industries

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Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of capital equipment and tools used to assemble semiconductor devices, including integrated circuits (“ICs“), high and low powered discrete devices, light-emitting diodes (“LEDs“), and power modules. The firm operates through the Capital Equipment, and Aftermarket Products and Services (APS) segments.