6,916 Shares in Kulicke and Soffa Industries, Inc. $KLIC Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the 2nd quarter, Holdings Channel.com reports. The firm bought 6,916 shares of the semiconductor company’s stock, valued at approximately $925,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Kulicke and Soffa Industries in the second quarter worth approximately $28,000. Summit Securities Group LLC bought a new stake in shares of Kulicke and Soffa Industries during the 1st quarter valued at $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth $30,000. USA Financial Formulas purchased a new stake in shares of Kulicke and Soffa Industries in the 1st quarter worth $44,000. Finally, Advisory Services Network LLC bought a new position in Kulicke and Soffa Industries in the 3rd quarter worth $29,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Finally, Needham & Company LLC upped their price target on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of “Moderate Buy” and an average price target of $69.67.

Insider Buying and Selling

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong sold 1,551 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $110.00, for a total value of $170,610.00. Following the completion of the transaction, the director directly owned 100,009 shares in the company, valued at $11,000,990. This represents a 1.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Nelson Munpun Wong sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $113.72, for a total value of $1,705,800.00. Following the completion of the transaction, the senior vice president owned 71,369 shares of the company’s stock, valued at $8,116,082.68. The trade was 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 have sold 76,551 shares of company stock valued at $9,179,010. Corporate insiders own 1.20% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC stock opened at $92.06 on Wednesday. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.02 and a 52-week high of $135.80. The firm has a market capitalization of $4.82 billion, a PE ratio of 42.42 and a beta of 1.67. The stock has a fifty day simple moving average of $107.15 and a two-hundred day simple moving average of $89.24.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $330.41 million for the quarter, compared to the consensus estimate of $308.50 million. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The business’s revenue was up 122.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Thursday, June 18th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.82 dividend on an annualized basis and a yield of 0.9%. Kulicke and Soffa Industries’s payout ratio is currently 37.79%.

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.