Castleark Management LLC Buys Shares of 106,380 Kulicke and Soffa Industries, Inc. $KLIC

Castleark Management LLC acquired a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 1st quarter, Holdings Channel.com reports. The firm acquired 106,380 shares of the semiconductor company’s stock, valued at approximately $6,991,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Kulicke and Soffa Industries during the 1st quarter worth approximately $26,000. Advisory Services Network LLC acquired a new position in shares of Kulicke and Soffa Industries in the third quarter worth $29,000. Meeder Asset Management Inc. acquired a new position in shares of Kulicke and Soffa Industries in the fourth quarter worth $30,000. EverSource Wealth Advisors LLC increased its position in shares of Kulicke and Soffa Industries by 2,665.7% during the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 933 shares during the period. Finally, Salomon & Ludwin LLC increased its position in shares of Kulicke and Soffa Industries by 48.4% during the fourth quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 254 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $101.33 on Monday. The firm’s fifty day moving average price is $110.93 and its 200 day moving average price is $84.99. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 97.43 and a beta of 1.62. Kulicke and Soffa Industries, Inc. has a 12 month low of $31.32 and a 12 month high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $228.75 million. During the same period in the previous year, the company earned ($0.52) earnings per share. Kulicke and Soffa Industries’s quarterly revenue 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. As a group, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 2.85 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.8%. Kulicke and Soffa Industries’s payout ratio is 78.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Needham & Company LLC increased their price objective 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 raised Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.25.

Insiders Place Their Bets

In other news, CEO Lester A. Wong sold 60,000 shares of the business’s 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 sale, the chief executive officer directly owned 50,743 shares of the company’s stock, valued at approximately $6,175,930.53. The trade was a 54.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nelson Munpun Wong sold 15,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $113.72, for a total value of $1,705,800.00. Following the completion of the sale, the senior vice president directly owned 71,369 shares of the company’s stock, valued at approximately $8,116,082.68. This trade represents a 17.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 98,051 shares of company stock worth $11,333,480. Corporate insiders own 1.20% 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.