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Needham upgrades Kulicke & Soffa Industries, Inc (KLIC) rating to a Buy

In a filing, Kulicke & Soffa Industries, Inc revealed its Senior Vice President Chylak Robert Nestor unloaded Company’s shares for reported $0.56 million on Dec 09 ’24. In the deal valued at $49.52 per share,11,391 shares were sold. As a result of this transaction, Chylak Robert Nestor now holds 20,838 shares worth roughly $0.98 million.

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Then, Lim Chin Hu sold 30,000 shares, generating $1,443,306 in total proceeds. Upon selling the shares at $48.11, the Director now owns 59,701 shares.

Before that, ROBERT CHYLAK bought 11,391 shares. Kulicke & Soffa Industries, Inc shares valued at $564,121 were divested by the Officer at a price of $49.52 per share.

Needham upgraded its Kulicke & Soffa Industries, Inc [KLIC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Hold”‘ rating for it. TD Cowen also remained covering KLIC and reiterated its “Hold” recommendation on August 08, 2024. Craig Hallum revised its rating on November 17, 2023. It rated KLIC as “a Buy” which previously was an “a Hold”.

Price Performance Review of KLIC

On Friday, Kulicke & Soffa Industries, Inc [NASDAQ:KLIC] saw its stock fall -0.25% to $46.95. Over the last five days, the stock has lost -5.11%. Kulicke & Soffa Industries, Inc shares have fallen nearly -14.20% since the year began. Nevertheless, the stocks have fallen -12.32% 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 $47.20, while 200 days put it at $46.22.

Levels Of Support And Resistance For KLIC Stock

The 24-hour chart illustrates a support level at 46.30, which if violated will result in even more drops to 45.65. On the upside, there is a resistance level at 47.67. A further resistance level may holdings at 48.39. The Relative Strength Index (RSI) on the 14-day chart is 43.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.84%. Stochastics %K at 12.39% indicates the stock is a buying.

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 2024-11-29, dropping by -0.23 million shares to a total of 3.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.49 million shares. There was a decline of -6.99%, which implies that there is a negative sentiment for the stock.

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