Kulicke and Soffa Industries, Inc. (KLIC) Director Sells $13,041.76 in Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Director Garrett E. Pierce sold 592 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $22.03, for a total transaction of $13,041.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) traded up 0.77% on Friday, reaching $22.13. 27,087 shares of the company traded hands. Kulicke and Soffa Industries, Inc. has a 52-week low of $12.79 and a 52-week high of $23.00. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 18.40 and a beta of 1.33. The stock has a 50 day moving average of $20.13 and a 200 day moving average of $20.64.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.21. The company had revenue of $243.90 million for the quarter, compared to analyst estimates of $245.02 million. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, analysts expect that Kulicke and Soffa Industries, Inc. will post $1.40 earnings per share for the current year.

Kulicke and Soffa Industries declared that its Board of Directors has authorized a stock buyback plan on Tuesday, August 15th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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A number of research firms have recently weighed in on KLIC. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. B. Riley restated a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $26.50.

Several institutional investors and hedge funds have recently modified their holdings of KLIC. Bank of New York Mellon Corp raised its position in shares of Kulicke and Soffa Industries by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 723,969 shares of the semiconductor company’s stock valued at $14,712,000 after purchasing an additional 22,619 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Kulicke and Soffa Industries by 20.1% in the first quarter. BNP Paribas Arbitrage SA now owns 14,801 shares of the semiconductor company’s stock valued at $301,000 after purchasing an additional 2,475 shares during the period. Comerica Bank raised its position in shares of Kulicke and Soffa Industries by 4.4% in the first quarter. Comerica Bank now owns 76,080 shares of the semiconductor company’s stock valued at $1,729,000 after purchasing an additional 3,224 shares during the period. Swiss National Bank raised its position in shares of Kulicke and Soffa Industries by 3.0% in the first quarter. Swiss National Bank now owns 116,800 shares of the semiconductor company’s stock valued at $2,373,000 after purchasing an additional 3,400 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of Kulicke and Soffa Industries in the first quarter valued at about $423,000. 84.87% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Company Profile

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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