Peter Kong Sells 1,551 Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLICGet Free Report) Director Peter Kong sold 1,551 shares of Kulicke and Soffa Industries stock in a transaction that occurred on 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 transaction, the director directly owned 100,009 shares in the company, valued at approximately $11,000,990. The trade was a 1.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kulicke and Soffa Industries Price Performance

NASDAQ:KLIC traded up $2.73 during trading hours on Friday, hitting $114.55. 147,919 shares of the company were exchanged, compared to its average volume of 765,579. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 109.85 and a beta of 1.70. Kulicke and Soffa Industries, Inc. has a 52-week low of $31.32 and a 52-week high of $115.00. The company’s 50 day moving average price is $91.81 and its 200-day moving average price is $70.00.

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

Kulicke and Soffa Industries Dividend Announcement

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 given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 18th. Kulicke and Soffa Industries’s payout ratio is currently 78.85%.

Institutional Trading of Kulicke and Soffa Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new position in shares of Kulicke and Soffa Industries in the 1st quarter valued at $26,000. Advisory Services Network LLC acquired a new position in shares of Kulicke and Soffa Industries in the 3rd quarter valued at $29,000. Meeder Asset Management Inc. acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at $30,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Kulicke and Soffa Industries in the 3rd quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Kulicke and Soffa Industries by 2,665.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 933 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KLIC. Needham & Company LLC lifted their price objective on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded 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 equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.25.

Read Our Latest Report on Kulicke and Soffa Industries

About Kulicke and Soffa Industries

(Get 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.

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