Hsbc Holdings PLC acquired a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,130 shares of the semiconductor company’s stock, valued at approximately $3,174,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Kulicke and Soffa Industries by 10.0% in the first quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company’s stock worth $2,118,000 after purchasing an additional 5,836 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Kulicke and Soffa Industries by 168.8% in the 1st quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 31,048 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kulicke and Soffa Industries by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 877 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kulicke and Soffa Industries by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company’s stock valued at $5,140,000 after buying an additional 11,522 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Kulicke and Soffa Industries by 55.7% in the 1st quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company’s stock valued at $2,206,000 after buying an additional 23,923 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have issued reports on KLIC. Needham & Company LLC increased their target price 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. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.67.
Insiders Place Their Bets
In other news, Director Peter T. M. Kong sold 1,551 shares of Kulicke and Soffa Industries stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $110.00, for a total transaction of $170,610.00. Following the completion of the sale, the director owned 100,009 shares in the company, valued at approximately $11,000,990. This trade represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Nelson Munpun Wong sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $113.72, for a total transaction of $1,705,800.00. Following the completion of the transaction, 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 76,551 shares of company stock worth $9,179,010 in the last ninety days. 1.20% of the stock is currently owned by insiders.
Kulicke and Soffa Industries Price Performance
NASDAQ KLIC opened at $81.03 on Friday. Kulicke and Soffa Industries, Inc. has a 1 year low of $35.02 and a 1 year high of $135.80. The stock has a market capitalization of $4.24 billion, a PE ratio of 37.34 and a beta of 1.67. The company’s 50 day simple moving average is $102.27 and its two-hundred day simple moving average is $90.37.
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The firm had revenue of $330.41 million during the quarter, compared to analyst estimates of $308.50 million. During the same period in the previous year, the business earned $0.07 EPS. The business’s revenue for the quarter was up 122.6% on a year-over-year basis. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current 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 paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, September 17th. Kulicke and Soffa Industries’s dividend payout ratio is currently 37.79%.
Kulicke and Soffa Industries 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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