Peter T. M. Kong Acquires 5,000 Shares of Kulicke and Soffa Industries Inc. (KLIC) Stock

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) Director Peter T. M. Kong acquired 5,000 shares of Kulicke and Soffa Industries stock in a transaction on Tuesday, November 27th. The shares were purchased at an average price of $20.51 per share, for a total transaction of $102,550.00. Following the completion of the acquisition, the director now directly owns 51,437 shares in the company, valued at $1,054,972.87. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ:KLIC opened at $21.60 on Friday. Kulicke and Soffa Industries Inc. has a 12-month low of $17.40 and a 12-month high of $28.69. The firm has a market capitalization of $1.44 billion, a PE ratio of 8.94, a P/E/G ratio of 1.03 and a beta of 1.24. The company has a current ratio of 5.67, a quick ratio of 5.01 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Monday, November 19th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.11. Kulicke and Soffa Industries had a return on equity of 19.12% and a net margin of 6.40%. The business had revenue of $184.82 million for the quarter, compared to the consensus estimate of $185.00 million. During the same period last year, the business posted $0.51 EPS. The business’s revenue was down 14.4% compared to the same quarter last year. On average, equities research analysts forecast that Kulicke and Soffa Industries Inc. will post 1.73 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new position in Kulicke and Soffa Industries during the 2nd quarter worth $119,000. Allianz Asset Management GmbH purchased a new position in Kulicke and Soffa Industries during the 1st quarter worth $204,000. Value Holdings Management CO. LLC purchased a new position in Kulicke and Soffa Industries during the 2nd quarter worth $214,000. Fox Run Management L.L.C. purchased a new position in Kulicke and Soffa Industries during the 3rd quarter worth $260,000. Finally, Juncture Wealth Strategies LLC purchased a new position in Kulicke and Soffa Industries during the 3rd quarter worth $283,000. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Several research firms have commented on KLIC. Zacks Investment Research downgraded Kulicke and Soffa Industries from a “hold” rating to a “strong sell” rating in a report on Friday, November 23rd. DA Davidson reduced their price objective on Kulicke and Soffa Industries to $32.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. ValuEngine upgraded Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a report on Monday, November 26th. Craig Hallum began coverage on Kulicke and Soffa Industries in a report on Tuesday, November 20th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, B. Riley cut their price target on Kulicke and Soffa Industries from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.00.

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Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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