Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) SVP Nelson Munpun Wong sold 15,000 shares of the stock in a transaction dated 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 transaction, the senior vice president directly owned 71,369 shares of the company’s stock, valued at $8,116,082.68. This trade represents a 17.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kulicke and Soffa Industries Stock Down 0.6%
KLIC opened at $116.51 on Thursday. The firm has a 50-day simple moving average of $95.83 and a two-hundred day simple moving average of $72.02. Kulicke and Soffa Industries, Inc. has a 52 week low of $31.32 and a 52 week high of $124.75. The company has a market capitalization of $6.10 billion, a PE ratio of 112.03 and a beta of 1.70.
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. Kulicke and Soffa Industries had a net margin of 7.16% and a return on equity of 7.29%. The business had revenue of $242.62 million during the quarter, compared to the consensus estimate of $228.75 million. During the same quarter in the prior year, the firm earned ($0.52) EPS. The business’s revenue was up 49.8% on a year-over-year basis. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. As a group, sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 2.85 earnings per share for the current year.
Kulicke and Soffa Industries Announces Dividend
Hedge Funds Weigh In On Kulicke and Soffa Industries
A number of institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc boosted its stake in shares of Kulicke and Soffa Industries by 3.4% during the fourth quarter. CIBC Asset Management Inc now owns 5,231 shares of the semiconductor company’s stock valued at $238,000 after purchasing an additional 171 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Kulicke and Soffa Industries by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,556 shares of the semiconductor company’s stock valued at $344,000 after purchasing an additional 172 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 2.6% during the fourth quarter. Pallas Capital Advisors LLC now owns 7,368 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 190 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 2.0% during the fourth quarter. ProShare Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $452,000 after purchasing an additional 198 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 3.0% during the fourth quarter. HighTower Advisors LLC now owns 6,929 shares of the semiconductor company’s stock valued at $316,000 after purchasing an additional 205 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. 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 report on Thursday, May 7th. Zacks Research raised 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 report on Monday, May 11th. One 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. Based on data from MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of “Moderate Buy” and an average target price of $59.25.
Check Out Our Latest Stock Report on KLIC
About Kulicke and Soffa Industries
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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