Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $127.23 and last traded at $127.2490, with a volume of 807400 shares traded. The stock had previously closed at $124.22.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on KLIC. Weiss Ratings raised Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. 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, 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 report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.25.
Check Out Our Latest Stock Report on Kulicke and Soffa Industries
Kulicke and Soffa Industries Price Performance
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $242.62 million for the quarter, compared to the consensus estimate of $228.75 million. During the same period in the previous year, the firm posted ($0.52) EPS. The business’s quarterly 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. Analysts anticipate that Kulicke and Soffa Industries, Inc. will post 2.85 EPS for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 78.85%.
Insider Transactions at Kulicke and Soffa Industries
In other news, General Counsel Zi Yao Lim sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $102.98, for a total transaction of $154,470.00. Following the transaction, the general counsel owned 21,214 shares of the company’s stock, valued at approximately $2,184,617.72. The trade was a 6.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter T. M. Kong sold 1,551 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $110.00, for a total value of $170,610.00. Following the transaction, the director directly owned 100,009 shares in the company, valued at approximately $11,000,990. This represents a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 98,051 shares of company stock worth $11,333,480. 1.20% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Kulicke and Soffa Industries
Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Kulicke and Soffa Industries by 347.9% in the 4th quarter. Invesco Ltd. now owns 767,001 shares of the semiconductor company’s stock worth $34,945,000 after acquiring an additional 595,753 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Kulicke and Soffa Industries by 541.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 665,295 shares of the semiconductor company’s stock valued at $27,038,000 after buying an additional 561,571 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Kulicke and Soffa Industries by 125.0% during the first quarter. Bank of New York Mellon Corp now owns 926,915 shares of the semiconductor company’s stock valued at $60,917,000 after buying an additional 514,983 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Kulicke and Soffa Industries by 21.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock worth $81,241,000 after buying an additional 409,116 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Kulicke and Soffa Industries by 549.8% in the second quarter. AQR Capital Management LLC now owns 321,313 shares of the semiconductor company’s stock worth $11,117,000 after buying an additional 271,868 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Kulicke and Soffa Industries
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
- How Does D-Wave’s New Simulator Change the Quantum Computing Landscape?
- Amazon’s Pullback Deepens as a New FTC Risk Hits the Stock
- The Biotech Sector Looks Ready for a Multi-Year Breakout—Here’s What to Watch.
Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.
