Key Points
- Nelson Munpun Wong, SVP of Kulicke & Soffa, sold 200 shares on Jan. 22 at $60 each for $12,000, leaving him with 126,169 shares — a 0.16% reduction in his stake valued at about $7.57M.
- Wong also executed larger insider sales recently, including 30,000 shares on Jan. 12 at $56.53 and 5,004 shares on Dec. 8 at $50.07, totaling roughly $1.96M in proceeds over the period.
- The company’s shares hit a 12‑month high of $60, have a market cap of ~$3.01B, and Kulicke & Soffa recently beat quarterly EPS estimates ($0.28 vs. $0.22) while paying a quarterly dividend of $0.205.
Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) SVP Nelson Munpun Wong sold 200 shares of the company's stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $60.00, for a total value of $12,000.00. Following the completion of the transaction, the senior vice president owned 126,169 shares of the company's stock, valued at $7,570,140. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
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 shares were 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 shares were sold at an average price of $50.07, for a total transaction of $250,550.28.
Kulicke and Soffa Industries Trading Up 0.0%
Shares of NASDAQ:KLIC opened at $57.56 on Tuesday. The stock has a market capitalization of $3.01 billion, a P/E ratio of -2,876.56 and a beta of 1.63. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $60.00. The stock's 50-day moving average price is $48.91 and its 200-day moving average price is $41.86.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings results on Thursday, November 20th. The semiconductor company reported $0.28 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $177.56 million for the quarter, compared to analysts' expectations of $169.84 million. During the same period in the previous year, the firm earned $0.34 EPS. The business's quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.
Kulicke and Soffa Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Thursday, December 18th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.82 annualized dividend and a dividend yield of 1.4%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently -4,100.00%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Creative Planning raised its stake in Kulicke and Soffa Industries by 63.3% during the 2nd quarter. Creative Planning now owns 56,706 shares of the semiconductor company's stock valued at $1,962,000 after purchasing an additional 21,983 shares during the period. Copeland Capital Management LLC increased its position in Kulicke and Soffa Industries by 14.5% in the second quarter. Copeland Capital Management LLC now owns 1,645,508 shares of the semiconductor company's stock worth $56,935,000 after purchasing an additional 207,899 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Kulicke and Soffa Industries by 134.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,858 shares of the semiconductor company's stock valued at $693,000 after buying an additional 10,826 shares in the last quarter. American Century Companies Inc. raised its position in Kulicke and Soffa Industries by 20.4% during the second quarter. American Century Companies Inc. now owns 2,313,378 shares of the semiconductor company's stock valued at $80,043,000 after purchasing an additional 392,691 shares during the period. Finally, Signaturefd LLC raised its holdings in Kulicke and Soffa Industries by 404.2% during the 2nd quarter. Signaturefd LLC now owns 2,304 shares of the semiconductor company's stock valued at $80,000 after buying an additional 1,847 shares during the period. Institutional investors own 98.22% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on KLIC shares. B. Riley restated a "neutral" rating and issued a $39.00 price objective (up from $35.00) on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Kulicke and Soffa Industries in a research report on Monday, December 29th. DA Davidson restated a "buy" rating and issued a $55.00 price objective on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. 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. Finally, Wall Street Zen raised Kulicke and Soffa Industries from a "hold" rating to a "buy" rating in a report on Sunday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $49.00.
Check Out Our Latest Analysis on Kulicke and Soffa Industries
About Kulicke and Soffa Industries
(
Get Free Report)
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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