What Did This CEO Just Do with Personal Shares of Kulicke & Soffa (NASDAQ: KLIC)?

By Carrie Williams

Today, the Interim CEO, CFO of Kulicke & Soffa (NASDAQ: KLIC), Jonathan Chou, sold shares of KLIC for $384.8K.

In addition to Jonathan Chou, 11 other KLIC executives reported Sell trades in the last month. Following Jonathan Chou’s last KLIC Sell transaction on November 02, 2016, the stock climbed by 2.3%.

Based on Kulicke & Soffa’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $146 million and quarterly net profit of $10.33 million. In comparison, last year the company earned revenue of $119 million and had a net profit of $9.83 million. The company has a one year high of $15.63 and a one year low of $9.63. KLIC’s market cap is $1.1B and the company has a P/E ratio of 23.28.

One of the top 25 analysts, according to TipRanks.com, recently recommended Buy KLIC.

In the last 30 days, insiders have sold $384.8K worth of KLIC shares and purchased $381.2K worth of KLIC shares. The insider sentiment on Kulicke & Soffa has been positive according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Kulicke & Soffa Industries, Inc. provides semiconductor packaging and electronic assembly solutions for the automotive, consumer, communications, computing and industrial segments. It operates through the following segments: Equipment and Expendable Tools. The Equipment segment manufactures and sells a line of ball bonders, heavy wire wedge bonders, advanced packaging and surface mount technology solutions. The Expendable Tools segment produces and sells a variety of tools for a broad range of semiconductor packaging applications including capillaries, bonding wedges and saw blades. The company was founded by Frederick W. Kulicke and Albert Soffa in 1951 and is headquartered in Singapore.