Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Director Garrett E. Pierce sold 690 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $19.56, for a total transaction of $13,496.40. Following the transaction, the director now directly owns 119,613 shares of the company’s stock, valued at approximately $2,339,630.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ KLIC) traded up 1.84% during midday trading on Friday, hitting $19.41. 879,077 shares of the company traded hands. The stock has a market capitalization of $1.38 billion, a P/E ratio of 16.13 and a beta of 1.25. Kulicke and Soffa Industries, Inc. has a 52 week low of $11.29 and a 52 week high of $23.00. The company has a 50-day moving average price of $20.96 and a 200-day moving average price of $20.59.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.21. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The company had revenue of $243.90 million during the quarter, compared to analysts’ expectations of $245.02 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts anticipate that Kulicke and Soffa Industries, Inc. will post $1.38 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of KLIC. Comerica Bank boosted its stake in Kulicke and Soffa Industries by 2.7% in the fourth quarter. Comerica Bank now owns 72,856 shares of the semiconductor company’s stock worth $1,243,000 after buying an additional 1,913 shares during the last quarter. State Street Corp boosted its stake in Kulicke and Soffa Industries by 27.8% in the fourth quarter. State Street Corp now owns 403,070 shares of the semiconductor company’s stock worth $6,430,000 after buying an additional 87,571 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Kulicke and Soffa Industries by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,634 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,482 shares during the last quarter. Tudor Investment Corp Et Al purchased a new stake in Kulicke and Soffa Industries during the fourth quarter worth approximately $165,000. Finally, AQR Capital Management LLC boosted its stake in Kulicke and Soffa Industries by 15.9% in the fourth quarter. AQR Capital Management LLC now owns 139,534 shares of the semiconductor company’s stock worth $2,226,000 after buying an additional 19,093 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. ValuEngine raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, May 3rd. Finally, B. Riley reissued a “buy” rating and set a $29.50 price target on shares of Kulicke and Soffa Industries in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.50.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

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

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