Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Director Purchases $47,510.00 in Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Director Peter T. M. Kong bought 1,000 shares of Kulicke and Soffa Industries stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $47.51 per share, for a total transaction of $47,510.00. Following the acquisition, the director now directly owns 92,072 shares in the company, valued at approximately $4,374,340.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kulicke and Soffa Industries Trading Up 0.4 %

Kulicke and Soffa Industries stock traded up $0.19 during mid-day trading on Wednesday, hitting $48.21. The company had a trading volume of 399,487 shares, compared to its average volume of 477,696. Kulicke and Soffa Industries, Inc. has a 12 month low of $40.20 and a 12 month high of $60.20. The company has a market capitalization of $2.67 billion, a PE ratio of -40.51 and a beta of 1.48. The stock’s 50 day moving average price is $48.14 and its two-hundred day moving average price is $49.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19). The firm had revenue of $172.10 million during the quarter, compared to the consensus estimate of $170.20 million. Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. Equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 1.2 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -67.23%.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Kulicke and Soffa Industries in the 1st quarter worth $29,000. SRS Capital Advisors Inc. raised its position in Kulicke and Soffa Industries by 340.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after buying an additional 443 shares during the last quarter. Principal Securities Inc. purchased a new position in Kulicke and Soffa Industries in the 4th quarter worth about $33,000. Blue Trust Inc. lifted its stake in Kulicke and Soffa Industries by 224.6% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 465 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at about $40,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KLIC has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Kulicke and Soffa Industries in a research note on Friday, May 3rd. B. Riley reduced their target price on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Finally, TheStreet cut shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $59.00.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.