Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) General Counsel Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $71.54, for a total transaction of $71,540.00. Following the completion of the transaction, the general counsel owned 22,714 shares of the company’s stock, valued at $1,624,959.56. The trade was a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Zi Yao Lim also recently made the following trade(s):
- On Tuesday, December 2nd, Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00.
Kulicke and Soffa Industries Stock Performance
Kulicke and Soffa Industries stock traded up $0.03 during mid-day trading on Wednesday, reaching $74.87. The company’s stock had a trading volume of 1,036,647 shares, compared to its average volume of 874,467. The firm’s fifty day moving average price is $54.03 and its two-hundred day moving average price is $44.20. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $77.50. The company has a market capitalization of $3.92 billion, a P/E ratio of -61.88 and a beta of 1.67.
Kulicke and Soffa Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Thursday, December 18th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, December 18th. Kulicke and Soffa Industries’s dividend payout ratio is presently -67.77%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on KLIC. Zacks Research lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Needham & Company LLC upped their price target on shares of Kulicke and Soffa Industries from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Wall Street Zen upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings lowered Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Finally, B. Riley Financial restated a “neutral” rating and issued a $39.00 target price (up from $35.00) on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.50.
View Our Latest Analysis on Kulicke and Soffa Industries
Institutional Investors Weigh In On Kulicke and Soffa Industries
Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth about $30,000. Advisory Services Network LLC bought a new stake in Kulicke and Soffa Industries in the 3rd quarter worth approximately $29,000. Salomon & Ludwin LLC lifted its position in Kulicke and Soffa Industries by 48.4% in the 4th quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock worth $35,000 after buying an additional 254 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Kulicke and Soffa Industries in the third quarter worth approximately $33,000. Finally, True Wealth Design LLC grew its position in Kulicke and Soffa Industries by 7,609.1% during the second quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 837 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.
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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