Kulicke and Soffa Industries (NASDAQ:KLIC) Given New $64.00 Price Target at Needham & Company LLC

Kulicke and Soffa Industries (NASDAQ:KLIC) had its price objective raised by investment analysts at Needham & Company LLC from $57.00 to $64.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 11.21% from the company’s current price.

A number of other equities research analysts have also recently issued reports on KLIC. B. Riley reaffirmed a “neutral” rating and set a $39.00 target price (up previously from $35.00) on shares of Kulicke and Soffa Industries in a research report on Friday, November 21st. Wall Street Zen downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson reissued a “buy” rating and set a $55.00 target price on shares of Kulicke and Soffa Industries in a research report on Friday, November 21st. Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Kulicke and Soffa Industries Trading Down 2.7%

KLIC stock opened at $57.55 on Tuesday. The firm has a market cap of $3.01 billion, a PE ratio of -2,876.06 and a beta of 1.63. Kulicke and Soffa Industries has a 1 year low of $26.63 and a 1 year high of $59.79. The company has a fifty day simple moving average of $46.86 and a 200 day simple moving average of $41.10.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, November 19th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. Kulicke and Soffa Industries had a negative return on equity of 1.64% and a net margin of 0.03%.The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. Kulicke and Soffa Industries has set its Q1 2026 guidance at 0.297-0.363 EPS. As a group, analysts forecast that Kulicke and Soffa Industries will post 0.93 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the general counsel owned 23,714 shares of the company’s stock, valued at approximately $1,067,130. This trade represents a 4.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nelson Munpun Wong sold 30,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $56.53, for a total value of $1,695,900.00. Following the completion of the transaction, the senior vice president owned 126,369 shares of the company’s stock, valued at $7,143,639.57. The trade was a 19.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,004 shares of company stock worth $1,991,450 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Kulicke and Soffa Industries

A number of institutional investors have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. raised its stake in shares of Kulicke and Soffa Industries by 541.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 665,295 shares of the semiconductor company’s stock valued at $27,038,000 after buying an additional 561,571 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in Kulicke and Soffa Industries in the third quarter worth about $17,532,000. The Manufacturers Life Insurance Company lifted its stake in Kulicke and Soffa Industries by 21.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock worth $81,241,000 after purchasing an additional 409,116 shares during the period. American Century Companies Inc. lifted its stake in Kulicke and Soffa Industries by 20.4% during the second quarter. American Century Companies Inc. now owns 2,313,378 shares of the semiconductor company’s stock worth $80,043,000 after purchasing an additional 392,691 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Kulicke and Soffa Industries by 549.8% during the second quarter. AQR Capital Management LLC now owns 321,313 shares of the semiconductor company’s stock valued at $11,117,000 after purchasing an additional 271,868 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Company Profile

Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.

Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.