Kulicke and Soffa Industries (NASDAQ:KLIC) Sets New 1-Year High – Here’s Why

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $108.50 and last traded at $105.35, with a volume of 78654 shares. The stock had previously closed at $104.40.

Wall Street Analysts Forecast Growth

KLIC has been the subject of several research reports. Needham & Company LLC lifted their price target on Kulicke and Soffa Industries from $70.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Wall Street Zen upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings upgraded Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.25.

Kulicke and Soffa Industries Trading Up 3.3%

The company has a 50 day moving average price of $81.54 and a 200-day moving average price of $63.86. The company has a market cap of $5.64 billion, a P/E ratio of 103.71 and a beta of 1.66.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $242.62 million for the quarter, compared to analyst estimates of $228.75 million. Kulicke and Soffa Industries had a return on equity of 7.29% and a net margin of 7.16%.The company’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.52) EPS. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. Equities analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Thursday, March 19th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, March 19th. This represents a $0.82 dividend on an annualized basis and a yield of 0.8%. Kulicke and Soffa Industries’s payout ratio is currently 78.85%.

Insider Buying and Selling

In related news, Director Mui Sung Yeo sold 20,000 shares of the business’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 sale, the director owned 59,197 shares in the company, valued at $5,919,700. The trade was a 25.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Zi Yao Lim sold 1,500 shares of Kulicke and Soffa Industries stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $102.98, for a total value of $154,470.00. Following the transaction, the general counsel directly owned 21,214 shares in the company, valued at $2,184,617.72. The trade was a 6.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 30,864 shares of company stock worth $2,830,457 in the last 90 days. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Kulicke and Soffa Industries by 60.2% during the 1st quarter. Bank of America Corp DE now owns 275,933 shares of the semiconductor company’s stock worth $18,134,000 after buying an additional 103,718 shares during the period. Edgestream Partners L.P. lifted its holdings in Kulicke and Soffa Industries by 812.2% during the 1st 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 period. Smith Group Asset Management LLC acquired a new position in shares of Kulicke and Soffa Industries in the 1st quarter valued at about $752,000. Amundi lifted its stake in shares of Kulicke and Soffa Industries by 218.7% in the 1st quarter. Amundi now owns 58,660 shares of the semiconductor company’s stock valued at $3,855,000 after purchasing an additional 40,254 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Kulicke and Soffa Industries by 306.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,157 shares of the semiconductor company’s stock valued at $207,000 after purchasing an additional 2,380 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

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.