KLIC - Shares of Kulicke and Soffa Industries Inc. (KLIC) Rise to a New 52-Week High
Shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) traded today at $73.60, eclipsing its 52-week high. This new high was reached on below average trading volume as 206,000 shares traded hands, while the average 30-day volume is approximately 865,000 shares.
Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company operates through two core segments: Capital equipment, which produces and sells a series of ball bonders, wafer-level bonders, wedge bonders, APS which produces and offers various expendable tools designed for multiple semiconductor packaging applications. The Capital equipment segment contributes the majority of total revenue. The company generates the majority of its total revenue from the overseas market, mainly in the Asia-Pacific region.
Over the past year, Kulicke and Soffa Industries Inc. has traded in a range of $21.86 to $73.60 and is now at $73.11, 234% above that low.
Based on a current price of $73.11, Kulicke and Soffa Industries Inc. is currently 79.3% above its average consensus analyst price target of $15.12.
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