Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) SVP Nelson Munpun Wong Sells 30,000 Shares

Key Points

• Nelson Munpun Wong, SVP of Kulicke and Soffa Industries, sold 30,000 shares of the company at an average price of $37.07, reducing his position by 16.90%.
• The semiconductor company reported a quarterly earnings per share (EPS) of $0.07, exceeding expectations, but experienced an 18.3% decline in revenue compared to the previous year.
• Kulicke and Soffa recently declared a quarterly dividend of $0.205, representing an annualized dividend yield of 2.2% with a notably high payout ratio of 1,025.00%.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) SVP Nelson Munpun Wong sold 30,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total transaction of $1,112,100.00. Following the completion of the sale, the senior vice president owned 147,533 shares of the company's stock, valued at approximately $5,469,048.31. This represents a 16.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ KLIC traded down $0.33 during trading hours on Thursday, reaching $37.40. 416,778 shares of the stock were exchanged, compared to its average volume of 550,252. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 467.50 and a beta of 1.52. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $52.08. The stock's fifty day simple moving average is $35.00 and its 200 day simple moving average is $35.14.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $148.41 million for the quarter, compared to analyst estimates of $145.48 million. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. Kulicke and Soffa Industries's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. Research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Thursday, June 19th were given a $0.205 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 1,025.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KLIC. True Wealth Design LLC lifted its position in Kulicke and Soffa Industries by 7,609.1% during the second quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 837 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Kulicke and Soffa Industries by 789.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company's stock valued at $32,000 after buying an additional 821 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Kulicke and Soffa Industries by 2,665.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company's stock valued at $33,000 after buying an additional 933 shares during the period. Ameritas Advisory Services LLC bought a new position in Kulicke and Soffa Industries in the 2nd quarter valued at about $34,000. Finally, Menard Financial Group LLC bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth $54,000. Institutional investors own 98.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KLIC shares. Needham & Company LLC raised their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. TD Cowen raised their target price on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. Finally, DA Davidson decreased their price target on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th.

Kulicke and Soffa Industries Company Profile

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.

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