Kulicke & Soffa Industries, Inc.’s filing revealed that its Director Kong Peter T M acquired Company’s shares for reported $47510.0 on May 06 ’24. In the deal valued at $47.51 per share,1,000 shares were bought. As a result of this transaction, Kong Peter T M now holds 92,072 shares worth roughly $3.71 million.
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Then, Chylak Robert Nestor sold 8,771 shares, generating $429,491 in total proceeds. Upon selling the shares at $48.97, the Senior Vice President now owns 24,240 shares.
Before that, Wong Lester A sold 55,000 shares. Kulicke & Soffa Industries, Inc. shares valued at $3,052,946 were divested by the Chief Financial Officer at a price of $55.51 per share. As a result of the transaction, Wong Lester A now holds 121,702 shares, worth roughly $4.9 million.
TD Cowen reiterated its Kulicke & Soffa Industries, Inc. [KLIC] rating to a Hold in a research note published on August 08, 2024; the price target was $45. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in mid November from “a Hold” to “a Buy”. Craig Hallum also remained covering KLIC and has decreased its forecast on August 10, 2023 with a “Hold” recommendation from previously “Buy” rating. B. Riley Securities revised its rating on April 12, 2022. It rated KLIC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of KLIC
On Friday, Kulicke & Soffa Industries, Inc. [NASDAQ:KLIC] saw its stock jump 2.44% to $40.28. Over the last five days, the stock has gained 4.43%. Kulicke & Soffa Industries, Inc. shares have fallen nearly -26.39% since the year began. Nevertheless, the stocks have fallen -15.66% over the past one year. While a 52-week high of $56.71 was reached on 01/25/24, a 52-week low of $38.20 was recorded on 09/06/24. SMA at 50 days reached $44.34, while 200 days put it at $48.02.
Levels Of Support And Resistance For KLIC Stock
The 24-hour chart illustrates a support level at 39.85, which if violated will result in even more drops to 39.42. On the upside, there is a resistance level at 40.52. A further resistance level may holdings at 40.76. The Relative Strength Index (RSI) on the 14-day chart is 43.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.62%. Stochastics %K at 24.67% indicates the stock is a holding.
How much short interest is there in Kulicke & Soffa Industries, Inc.?
A steep rise in short interest was recorded in Kulicke & Soffa Industries, Inc. stocks on 2024-08-30, dropping by -0.7 million shares to a total of 3.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.23 million shares. There was a decline of -19.9%, which implies that there is a negative sentiment for the stock.
