Counterpoint Mutual Funds LLC bought a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 8,558 shares of the semiconductor company’s stock, valued at approximately $562,000.
Several other institutional investors and hedge funds have also recently modified their holdings of KLIC. Meeder Asset Management Inc. purchased a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at about $30,000. Advisory Services Network LLC purchased a new stake in Kulicke and Soffa Industries in the third quarter worth about $29,000. Salomon & Ludwin LLC boosted its position in Kulicke and Soffa Industries by 48.4% during the 4th quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 254 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Kulicke and Soffa Industries during the 3rd quarter worth approximately $33,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $39,000. 98.22% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Kulicke and Soffa Industries
In other news, Director Mui Sung Yeo sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the director directly owned 59,197 shares in the company, valued at $5,919,700. This trade represents a 25.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lester A. Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $121.71, for a total value of $7,302,600.00. Following the completion of the transaction, the chief executive officer directly owned 50,743 shares of the company’s stock, valued at approximately $6,175,930.53. This represents a 54.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 98,051 shares of company stock valued at $11,333,480. 1.20% of the stock is currently owned by corporate insiders.
Kulicke and Soffa Industries Stock Performance
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last posted its quarterly 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 return on equity of 7.29% and a net margin of 7.16%.The firm’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.52) EPS. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. As a group, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 2.85 earnings per share for the current fiscal year.
Kulicke and Soffa Industries Announces Dividend
The business also recently announced 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 dividend on an annualized basis 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 is currently 78.85%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on KLIC. Needham & Company LLC raised their target price on 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. Weiss Ratings upgraded Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Zacks Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.25.
Check Out Our Latest Analysis on KLIC
Kulicke and Soffa Industries Company 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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