Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) SVP Nelson Munpun Wong sold 30,000 shares of Kulicke and Soffa Industries stock in a transaction on Monday, January 12th. The shares were sold at an average price of $56.53, for a total value of $1,695,900.00. Following the completion of the transaction, the senior vice president owned 126,369 shares in the company, valued at $7,143,639.57. This represents a 19.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Nelson Munpun Wong also recently made the following trade(s):
- On Monday, December 8th, Nelson Munpun Wong sold 5,004 shares of Kulicke and Soffa Industries stock. The stock was sold at an average price of $50.07, for a total value of $250,550.28.
Kulicke and Soffa Industries Price Performance
Shares of KLIC stock opened at $56.53 on Thursday. The stock’s 50-day moving average is $45.69 and its 200 day moving average is $40.60. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $57.93. The company has a market cap of $2.96 billion, a P/E ratio of -2,825.09 and a beta of 1.63.
Kulicke and Soffa Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Thursday, December 18th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, December 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -4,100.00%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in Kulicke and Soffa Industries by 21.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock valued at $81,241,000 after buying an additional 409,116 shares during the last quarter. American Century Companies Inc. lifted its stake in Kulicke and Soffa Industries by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 2,313,378 shares of the semiconductor company’s stock valued at $80,043,000 after acquiring an additional 392,691 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of Kulicke and Soffa Industries by 14.5% in the 2nd quarter. Copeland Capital Management LLC now owns 1,645,508 shares of the semiconductor company’s stock valued at $56,935,000 after acquiring an additional 207,899 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Kulicke and Soffa Industries by 0.8% in the second quarter. Geode Capital Management LLC now owns 1,280,025 shares of the semiconductor company’s stock worth $44,295,000 after acquiring an additional 10,722 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Kulicke and Soffa Industries by 5.5% in the second quarter. Invesco Ltd. now owns 718,632 shares of the semiconductor company’s stock worth $24,865,000 after acquiring an additional 37,225 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently commented on KLIC shares. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. B. Riley reiterated a “neutral” rating and issued a $39.00 price target (up from $35.00) on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a report on Monday, December 29th. DA Davidson restated a “buy” rating and set a $55.00 price objective on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Finally, Needham & Company LLC lifted their target price on shares of Kulicke and Soffa Industries from $46.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.25.
Get Our Latest Stock Analysis on KLIC
About Kulicke and Soffa Industries
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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