Freestone Grove Partners LP Makes New $2.03 Million Investment in Kulicke and Soffa Industries, Inc. $KLIC

Freestone Grove Partners LP purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,201 shares of the semiconductor company’s stock, valued at approximately $2,033,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kingsview Wealth Management LLC bought a new stake in Kulicke and Soffa Industries in the 4th quarter worth approximately $3,245,000. Louisiana State Employees Retirement System bought a new position in Kulicke and Soffa Industries during the first quarter valued at approximately $1,525,000. Vanguard Group Inc. grew its position in Kulicke and Soffa Industries by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,513,023 shares of the semiconductor company’s stock valued at $160,053,000 after acquiring an additional 20,535 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth approximately $911,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth approximately $535,000. 98.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 transaction of $1,705,800.00. Following the completion of the transaction, the senior vice president directly owned 71,369 shares of the company’s stock, valued at approximately $8,116,082.68. This represents a 17.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lester A. Wong sold 60,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $121.71, for a total transaction of $7,302,600.00. Following the sale, the chief executive officer owned 50,743 shares of the company’s stock, valued at approximately $6,175,930.53. This represents a 54.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 76,551 shares of company stock valued at $9,179,010 in the last quarter. Insiders own 1.20% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $81.03 on Friday. Kulicke and Soffa Industries, Inc. has a one year low of $35.02 and a one year high of $135.80. The business’s 50 day simple moving average is $102.27 and its two-hundred day simple moving average is $90.37. The stock has a market capitalization of $4.24 billion, a P/E ratio of 37.34 and a beta of 1.67.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $308.50 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The business’s quarterly revenue was up 122.6% compared to the same quarter last year. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. Sell-side analysts expect 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.82 annualized dividend and a yield of 1.0%. Kulicke and Soffa Industries’s dividend payout ratio is presently 37.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Needham & Company LLC lifted their target price 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 reissued a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.67.

Kulicke and Soffa Industries 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.