Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) CEO Lester Wong sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total transaction of $7,302,600.00. Following the completion of the sale, the chief executive officer owned 50,743 shares in the company, valued at $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kulicke and Soffa Industries Stock Up 2.3%
KLIC opened at $127.10 on Wednesday. The firm has a market cap of $6.65 billion, a PE ratio of 122.21 and a beta of 1.70. The business has a fifty day simple moving average of $99.85 and a 200-day simple moving average of $74.23. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $31.32 and a fifty-two week high of $129.65.
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Kulicke and Soffa Industries had a return on equity of 7.29% and a net margin of 7.16%.The company had revenue of $242.62 million for the quarter, compared to analyst estimates of $228.75 million. During the same period in the previous year, the firm earned ($0.52) earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was up 49.8% compared to the same quarter last year. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. On average, equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 2.85 EPS for the current fiscal year.
Kulicke and Soffa Industries Announces Dividend
Institutional Investors Weigh In On Kulicke and Soffa Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of Kulicke and Soffa Industries by 2,774.2% during the 1st quarter. NewEdge Advisors LLC now owns 891 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 860 shares in the last quarter. Bank of America Corp DE boosted its holdings in Kulicke and Soffa Industries by 60.2% in the first quarter. Bank of America Corp DE now owns 275,933 shares of the semiconductor company’s stock worth $18,134,000 after purchasing an additional 103,718 shares in the last quarter. Edgestream Partners L.P. increased its position in Kulicke and Soffa Industries by 812.2% during the first quarter. Edgestream Partners L.P. now owns 117,130 shares of the semiconductor company’s stock worth $7,698,000 after buying an additional 104,289 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in Kulicke and Soffa Industries during the first quarter worth $752,000. Finally, Amundi raised its holdings in Kulicke and Soffa Industries by 218.7% during the first quarter. Amundi now owns 58,660 shares of the semiconductor company’s stock valued at $3,855,000 after buying an additional 40,254 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on KLIC. Weiss Ratings raised shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Needham & Company LLC upped their price target on 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 investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.25.
Get Our Latest Stock Analysis on Kulicke and Soffa Industries
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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