Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) Director Peter T. M. Kong bought 1,000 shares of the company's stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average price of $47.51 per share, for a total transaction of $47,510.00. Following the acquisition, the director now directly owns 92,072 shares of the company's stock, valued at approximately $4,374,340.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Kulicke and Soffa Industries Stock Performance
KLIC opened at $48.21 on Thursday. The firm has a market cap of $2.67 billion, a P/E ratio of -40.51 and a beta of 1.48. Kulicke and Soffa Industries, Inc. has a 52-week low of $40.20 and a 52-week high of $60.20. The business's fifty day moving average is $48.14 and its 200-day moving average is $49.30.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($1.19). The firm had revenue of $172.10 million during the quarter, compared to the consensus estimate of $170.20 million. Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The business's revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share. On average, research analysts predict that Kulicke and Soffa Industries, Inc. will post 1.2 earnings per share for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries's dividend payout ratio is presently -67.23%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in Kulicke and Soffa Industries during the 1st quarter worth $29,000. SRS Capital Advisors Inc. grew its holdings in Kulicke and Soffa Industries by 340.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 443 shares during the period. Principal Securities Inc. bought a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth about $33,000. Blue Trust Inc. lifted its stake in shares of Kulicke and Soffa Industries by 224.6% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 465 shares during the period. Finally, GAMMA Investing LLC bought a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at about $40,000. Institutional investors own 98.22% of the company's stock.
Analysts Set New Price Targets
KLIC has been the topic of a number of analyst reports. B. Riley dropped their price objective on Kulicke and Soffa Industries from $54.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, May 3rd. TheStreet cut shares of Kulicke and Soffa Industries from a "b-" rating to a "c" rating in a report on Wednesday, January 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of "Hold" and a consensus target price of $59.00.
Read Our Latest Analysis on KLIC
Kulicke and Soffa Industries Company Profile
(
Get Free Report)
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.
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