Today, a Director at Kulicke & Soffa (NASDAQ: KLIC), Peter Kong, bought shares of KLIC for $134.4K.
Following Peter Kong’s last KLIC Buy transaction on December 08, 2015, the stock climbed by 16.0%. This recent transaction increases Peter Kong’s holding in the company by 12.47% to a total of $1.22 million.
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Based on Kulicke & Soffa’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $269 million and quarterly net profit of $60.26 million. In comparison, last year the company earned revenue of $244 million and had a net profit of $30.81 million. KLIC’s market cap is $1.84B and the company has a P/E ratio of 24.97. Currently, Kulicke & Soffa has an average volume of 401.7K.
Starting in September 2013, KLIC received 30 Buy ratings in a row. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy KLIC with a $38 price target. Four different firms, including B.Riley FBR and D.A. Davidson, currently also have a Buy rating on the stock.
The insider sentiment on Kulicke & Soffa has been positive according to 55 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Peter Kong’s trades have generated a -17.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Kulicke & Soffa Industries, Inc. engages in the design, manufacture, and sale of tools used to assemble semiconductor devices. It operates through the Capital Equipment and APS segments. The Capital Equipment segment consists of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
