Tidal Investments LLC Purchases 19,045 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Tidal Investments LLC lifted its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 256.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,464 shares of the semiconductor company’s stock after buying an additional 19,045 shares during the period. Tidal Investments LLC’s holdings in Kulicke and Soffa Industries were worth $3,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Kulicke and Soffa Industries during the second quarter valued at $28,000. Kilter Group LLC purchased a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $42,000. Summit Securities Group LLC bought a new position in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $26,000. USA Financial Formulas bought a new position in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $44,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Kulicke and Soffa Industries by 12.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 877 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 98 shares during the period. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 7.8%

NASDAQ:KLIC opened at $79.45 on Tuesday. The business’s 50-day simple moving average is $92.36 and its two-hundred day simple moving average is $91.26. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.02 and a 52 week high of $135.80. The stock has a market cap of $4.16 billion, a PE ratio of 36.61 and a beta of 1.62.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The firm had revenue of $330.41 million during the quarter, compared to analysts’ expectations of $308.50 million. During the same quarter last year, the business posted $0.07 earnings per share. The firm’s revenue was up 122.6% on a year-over-year basis. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. Sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, September 17th. Kulicke and Soffa Industries’s dividend payout ratio is presently 37.79%.

Insider Transactions at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, CEO Lester Wong sold 60,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were 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 directly owned 50,743 shares of the company’s stock, valued at $6,175,930.53. This trade represents a 54.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on KLIC. Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Needham & Company LLC increased their price target on shares of 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Kulicke and Soffa Industries currently has an average rating of “Moderate Buy” and an average price target of $69.67.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Ltd. develops and manufactures equipment and tools used in semiconductor and electronic assembly. Its solutions support the packaging, interconnection and assembly of integrated circuits, light-emitting diodes and other electronic components.

The company’s product portfolio includes wire bonding systems, wedge bonders, die attach equipment, advanced packaging systems and related consumables. Its technologies are used in applications such as automotive electronics, consumer electronics, communications, computing, power semiconductors and optoelectronics.