Lester Wong Sells 60,000 Shares of Kulicke and Soffa Industries (NASDAQ:KLIC) Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) CEO Lester Wong sold 60,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through this link.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock traded down $3.48 during midday trading on Monday, reaching $118.39. The company had a trading volume of 337,751 shares, compared to its average volume of 785,148. The stock has a fifty day moving average price of $97.92 and a 200 day moving average price of $73.11. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $31.32 and a fifty-two week high of $125.14. The firm has a market cap of $6.20 billion, a PE ratio of 113.56 and a beta of 1.69.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its 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 business had revenue of $242.62 million during the quarter, compared to the consensus estimate of $228.75 million. During the same quarter in the prior year, the firm posted ($0.52) EPS. The company’s revenue for the quarter 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 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Thursday, June 18th will be given a dividend of $0.205 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 0.7%. Kulicke and Soffa Industries’s dividend payout ratio is presently 78.85%.

Analysts Set New Price Targets

A number of equities 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 report on Monday, May 11th. Needham & Company LLC lifted their price target on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.25.

Institutional Trading of Kulicke and Soffa Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Summit Securities Group LLC bought a new stake in Kulicke and Soffa Industries during the first quarter worth $26,000. Meeder Asset Management Inc. purchased a new position in Kulicke and Soffa Industries during the 4th quarter worth $30,000. Advisory Services Network LLC purchased a new position in Kulicke and Soffa Industries during the 3rd quarter worth $29,000. Salomon & Ludwin LLC grew its stake in shares of Kulicke and Soffa Industries by 48.4% in the 4th quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 254 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in shares of Kulicke and Soffa Industries in the 3rd quarter worth $33,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

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.