Sterling Capital Management LLC Has $1.04 Million Stock Position in Kulicke and Soffa Industries, Inc. $KLIC

Sterling Capital Management LLC lifted its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLICFree Report) by 1,017.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,795 shares of the semiconductor company’s stock after purchasing an additional 14,381 shares during the period. Sterling Capital Management LLC’s holdings in Kulicke and Soffa Industries were worth $1,038,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in Kulicke and Soffa Industries in the first quarter valued at about $58,000. Louisiana State Employees Retirement System bought a new position in Kulicke and Soffa Industries during the first quarter worth about $1,525,000. SG Americas Securities LLC grew its position in shares of Kulicke and Soffa Industries by 113.5% during the 1st quarter. SG Americas Securities LLC now owns 157,996 shares of the semiconductor company’s stock worth $10,383,000 after buying an additional 84,008 shares during the period. Balboa Wealth Partners acquired a new position in shares of Kulicke and Soffa Industries during the 1st quarter worth about $239,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $535,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Nelson Munpun Wong sold 15,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $113.72, for a total transaction of $1,705,800.00. Following the completion of the sale, the senior vice president owned 71,369 shares of the company’s stock, valued at $8,116,082.68. This represents a 17.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mui Sung Yeo sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the sale, the director owned 59,197 shares in the company, valued at approximately $5,919,700. The trade was a 25.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 98,051 shares of company stock worth $11,333,480. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on KLIC shares. Needham & Company LLC increased their price target on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings raised shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.25.

Get Our Latest Report on Kulicke and Soffa Industries

Kulicke and Soffa Industries Trading Up 3.6%

NASDAQ:KLIC opened at $133.76 on Wednesday. Kulicke and Soffa Industries, Inc. has a 1 year low of $31.32 and a 1 year high of $134.80. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 128.62 and a beta of 1.70. The stock has a 50-day moving average price of $104.72 and a two-hundred day moving average price of $77.04.

Kulicke and Soffa Industries (NASDAQ:KLICGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $242.62 million for the quarter, compared to analyst estimates of $228.75 million. Kulicke and Soffa Industries had a return on equity of 7.29% and a net margin of 7.16%.Kulicke and Soffa Industries’s revenue was up 49.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.52) earnings per share. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. Sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 2.85 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 78.85%.

Kulicke and Soffa Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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