Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) SVP Sells $269,000.00 in Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Rating) SVP Nelson Munpun Wong sold 5,000 shares of Kulicke and Soffa Industries stock in a transaction on Friday, March 17th. The shares were sold at an average price of $53.80, for a total value of $269,000.00. Following the completion of the transaction, the senior vice president now owns 185,076 shares of the company’s stock, valued at $9,957,088.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kulicke and Soffa Industries Stock Performance

NASDAQ:KLIC opened at $52.49 on Friday. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.09 and a beta of 1.39. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.95 and a 52-week high of $62.16. The stock has a fifty day moving average of $52.60 and a 200 day moving average of $46.57.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. The company had revenue of $176.20 million during the quarter, compared to analyst estimates of $176.49 million. Kulicke and Soffa Industries had a return on equity of 28.72% and a net margin of 25.80%. The firm’s quarterly revenue was down 61.8% on a year-over-year basis. During the same quarter last year, the company earned $2.19 earnings per share. Equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 1.85 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Thursday, March 23rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.45%. The ex-dividend date is Wednesday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 14.62%.

Institutional Investors Weigh In On Kulicke and Soffa Industries

Hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in Kulicke and Soffa Industries by 113.2% during the third quarter. Teacher Retirement System of Texas now owns 21,226 shares of the semiconductor company’s stock worth $818,000 after purchasing an additional 11,269 shares during the last quarter. Trexquant Investment LP bought a new stake in Kulicke and Soffa Industries during the second quarter worth about $997,000. Lazard Asset Management LLC lifted its stake in Kulicke and Soffa Industries by 5,465.9% during the second quarter. Lazard Asset Management LLC now owns 67,013 shares of the semiconductor company’s stock worth $2,868,000 after purchasing an additional 65,809 shares during the last quarter. Bank Hapoalim BM lifted its stake in Kulicke and Soffa Industries by 12.8% during the third quarter. Bank Hapoalim BM now owns 153,514 shares of the semiconductor company’s stock worth $5,915,000 after purchasing an additional 17,446 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Kulicke and Soffa Industries by 16.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,553 shares of the semiconductor company’s stock valued at $445,000 after acquiring an additional 1,623 shares during the last quarter. Institutional investors own 98.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KLIC. StockNews.com began coverage on Kulicke and Soffa Industries in a research report on Thursday. They issued a “hold” rating for the company. B. Riley lifted their price objective on Kulicke and Soffa Industries from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, February 3rd. Finally, Craig Hallum lifted their price objective on Kulicke and Soffa Industries from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, February 3rd.

About Kulicke and Soffa Industries

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Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of capital equipment and tools used to assemble semiconductor devices, including integrated circuits (“ICs“), high and low powered discrete devices, light-emitting diodes (“LEDs“), and power modules. The firm operates through the Capital Equipment, and Aftermarket Products and Services (APS) segments.