1,144,210 Shares in Kulicke and Soffa Industries, Inc. $KLIC Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,144,210 shares of the semiconductor company’s stock, valued at approximately $153,050,000. The Manufacturers Life Insurance Company owned approximately 2.19% of Kulicke and Soffa Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth approximately $28,000. Advisory Services Network LLC purchased a new stake in Kulicke and Soffa Industries during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. purchased a new stake in Kulicke and Soffa Industries during the fourth quarter valued at approximately $30,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Kulicke and Soffa Industries by 2,665.7% in the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 933 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Down 2.6%

KLIC opened at $83.51 on Tuesday. The company has a market cap of $4.37 billion, a P/E ratio of 38.48 and a beta of 1.67. The firm’s 50-day moving average price is $105.11 and its 200-day moving average price is $90.01. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.02 and a 52-week high of $135.80.

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

Wall Street Analysts Forecast Growth

KLIC has been the topic of several analyst reports. Needham & Company LLC lifted 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 report on Thursday, August 6th. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries presently has an average rating of “Moderate Buy” and an average price target of $69.67.

Insider Transactions at Kulicke and Soffa Industries

In other news, CEO Lester A. Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction 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 in the company, valued at approximately $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter T. M. Kong sold 1,551 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $110.00, for a total transaction of $170,610.00. Following the sale, the director directly owned 100,009 shares in the company, valued at $11,000,990. This trade represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 76,551 shares of company stock worth $9,179,010. Company insiders own 1.20% of the company’s stock.

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.