Kingsview Wealth Management LLC acquired a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 51,755 shares of the semiconductor company’s stock, valued at approximately $6,923,000.
A number of other institutional investors also recently bought and sold shares of KLIC. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth about $28,000. Kilter Group LLC purchased a new position in shares of Kulicke and Soffa Industries during the second quarter worth about $42,000. Summit Securities Group LLC acquired a new position in Kulicke and Soffa Industries in the 1st quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new position in Kulicke and Soffa Industries in the 4th quarter valued at about $30,000. Finally, USA Financial Formulas purchased a new stake in Kulicke and Soffa Industries during the 1st quarter valued at approximately $44,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Peter T. M. Kong sold 1,551 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $110.00, for a total value of $170,610.00. Following the completion of the sale, the director directly owned 100,009 shares of the company’s stock, valued at $11,000,990. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Nelson Munpun Wong sold 15,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $113.72, for a total value of $1,705,800.00. Following the completion of the sale, the senior vice president owned 71,369 shares in the company, valued at approximately $8,116,082.68. This trade represents a 17.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 76,551 shares of company stock worth $9,179,010. Company insiders own 1.20% of the company’s stock.
Kulicke and Soffa Industries Stock Performance
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $330.41 million for the quarter, compared to analyst estimates of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The business’s revenue was up 122.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. Equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.
Kulicke and Soffa Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.205 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.82 annualized dividend and a yield of 1.0%. Kulicke and Soffa Industries’s payout ratio is presently 37.79%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Needham & Company LLC increased their price objective on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Finally, Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.67.
Read Our Latest Stock Analysis on KLIC
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.
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