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

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 firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $37.07, for a total value of $1,112,100.00. Following the transaction, the senior vice president owned 147,533 shares in the company, valued at approximately $5,469,048.31. This trade represents a 16.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kulicke and Soffa Industries Trading Up 0.2%

Shares of KLIC traded up $0.06 on Tuesday, reaching $36.66. The company's stock had a trading volume of 28,459 shares, compared to its average volume of 596,139. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $52.08. The firm has a fifty day moving average of $35.11 and a 200-day moving average of $34.91. The stock has a market capitalization of $1.91 billion, a PE ratio of 460.13 and a beta of 1.52.

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

Kulicke and Soffa Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

KLIC has been the subject of several analyst reports. TD Cowen boosted their target price on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. DA Davidson decreased their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC upped their price target on shares of 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.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Kulicke and Soffa Industries by 9.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock worth $139,000 after acquiring an additional 254 shares during the period. Baird Financial Group Inc. lifted its stake in Kulicke and Soffa Industries by 1.7% during the second quarter. Baird Financial Group Inc. now owns 22,897 shares of the semiconductor company's stock worth $792,000 after purchasing an additional 382 shares during the last quarter. Ifrah Financial Services Inc. grew its position in Kulicke and Soffa Industries by 3.0% during the second quarter. Ifrah Financial Services Inc. now owns 13,433 shares of the semiconductor company's stock valued at $465,000 after acquiring an additional 386 shares during the last quarter. Meritage Portfolio Management lifted its stake in Kulicke and Soffa Industries by 6.9% in the second quarter. Meritage Portfolio Management now owns 6,983 shares of the semiconductor company's stock worth $242,000 after purchasing an additional 452 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Kulicke and Soffa Industries by 1.0% during the 2nd quarter. California State Teachers Retirement System now owns 50,263 shares of the semiconductor company's stock valued at $1,739,000 after buying an additional 516 shares during the period. 98.22% of the stock is owned by institutional investors.

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.