Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kulicke & Soffa Industries, Inc shares valued at $564,121 were sold by Chylak Robert Nestor on Dec 09 ’24. At $49.52 per share, Chylak Robert Nestor sold 11,391 shares. The insider’s holdings dropped to 20,838 shares worth approximately $0.9 million following the completion of this transaction.
Also, Lim Chin Hu sold 30,000 shares, netting a total of over 1,443,306 in proceeds. Following the sale of shares at $48.11 each, the insider now holds 59,701 shares.
Before that, ROBERT CHYLAK had added 11,391 shares to its account. In a trade valued at $564,121, the Officer bought Kulicke & Soffa Industries, Inc shares for $49.52 each.
As published in a research note from Needham on November 15, 2024, Kulicke & Soffa Industries, Inc [KLIC] has been rated up from a Hold to a Buy and the price target has been revised to $55. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in mid November. As of August 08, 2024, TD Cowen has reiterated its “Hold” rating for KLIC. Earlier on November 17, 2023, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for KLIC stock which previously was a “a Hold”.
Analyzing KLIC Stock Performance
During the last five days, there has been a surge of approximately 5.44%. Over the course of the year, Kulicke & Soffa Industries, Inc shares have dropped approximately -6.92%. Shares of the company reached a 52-week high of $49.31 on 01/07/25 and a 52-week low of $40.12 on 02/12/25. A 50-day SMA is recorded $45.91, while a 200-day SMA reached $45.65. Nevertheless, trading volume fell to 0.75 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Kulicke & Soffa Industries, Inc (KLIC)
According to the 24-hour chart, there is a support level at 42.61, which, if violated, would cause prices to drop to 41.79. In the upper region, resistance lies at 43.99. The next price resistance is at 44.55. RSI (Relative Strength Index) is 48.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 38.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
