Insider Selling: Kulicke and Soffa Industries, Inc. (KLIC) Director Sells 738 Shares of Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Director Garrett E. Pierce sold 738 shares of the stock in a transaction on Monday, January 9th. The shares were sold at an average price of $16.29, for a total value of $12,022.02. Following the completion of the transaction, the director now directly owns 118,299 shares of the company’s stock, valued at $1,927,090.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) traded up 2.19% during mid-day trading on Wednesday, hitting $16.83. The company’s stock had a trading volume of 437,275 shares. Kulicke and Soffa Industries, Inc. has a 12-month low of $9.63 and a 12-month high of $16.88. The company has a market cap of $1.19 billion, a PE ratio of 25.19 and a beta of 1.27. The stock has a 50-day moving average of $15.99 and a 200-day moving average of $13.55.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Tuesday, November 15th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The company had revenue of $145.80 million for the quarter, compared to the consensus estimate of $140.09 million. Kulicke and Soffa Industries had a return on equity of 6.04% and a net margin of 7.51%. Kulicke and Soffa Industries’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. On average, equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post $0.89 EPS for the current year.

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

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Several institutional investors have recently added to or reduced their stakes in the company. PineBridge Investments L.P. boosted its position in Kulicke and Soffa Industries by 7.5% in the second quarter. PineBridge Investments L.P. now owns 8,926 shares of the company’s stock worth $108,000 after buying an additional 619 shares during the period. SG Americas Securities LLC bought a new position in Kulicke and Soffa Industries during the third quarter worth $117,000. Sei Investments Co. boosted its position in Kulicke and Soffa Industries by 8.9% in the third quarter. Sei Investments Co. now owns 9,122 shares of the company’s stock worth $118,000 after buying an additional 747 shares during the period. Teacher Retirement System of Texas boosted its position in Kulicke and Soffa Industries by 15.1% in the second quarter. Teacher Retirement System of Texas now owns 9,904 shares of the company’s stock worth $121,000 after buying an additional 1,300 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Kulicke and Soffa Industries during the second quarter worth $127,000. 82.54% of the stock is owned by institutional investors.

Several research analysts recently commented on KLIC shares. Standpoint Research downgraded Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. TheStreet raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Thursday, December 1st. Finally, B. Riley reissued a “buy” rating and issued a $18.00 price objective on shares of Kulicke and Soffa Industries in a research note on Monday, November 21st.

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.

5 Day Chart for NASDAQ:KLIC

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