Wasatch Advisors LP Lowers Stock Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Wasatch Advisors LP reduced its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 76.2% during the second quarter, HoldingsChannel.com reports. The firm owned 44,551 shares of the semiconductor company’s stock after selling 142,898 shares during the quarter. Wasatch Advisors LP’s holdings in Kulicke and Soffa Industries were worth $5,959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in Kulicke and Soffa Industries by 12.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 877 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 98 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Kulicke and Soffa Industries by 3.4% during the fourth quarter. CIBC Asset Management Inc now owns 5,231 shares of the semiconductor company’s stock valued at $238,000 after acquiring an additional 171 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Kulicke and Soffa Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,556 shares of the semiconductor company’s stock worth $344,000 after purchasing an additional 172 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Kulicke and Soffa Industries by 2.0% in the 4th quarter. ProShare Advisors LLC now owns 9,926 shares of the semiconductor company’s stock worth $452,000 after purchasing an additional 198 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Kulicke and Soffa Industries by 3.0% in the 4th quarter. HighTower Advisors LLC now owns 6,929 shares of the semiconductor company’s stock worth $316,000 after purchasing an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KLIC shares. Needham & Company LLC upped 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 note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Finally, Zacks Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.67.

Kulicke and Soffa Industries Trading Up 4.5%

KLIC opened at $95.15 on Thursday. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 43.85 and a beta of 1.67. The company’s 50 day moving average is $107.59 and its 200 day moving average is $88.13. Kulicke and Soffa Industries, Inc. has a 12-month low of $35.02 and a 12-month high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly 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 business had revenue of $330.41 million during the quarter, compared to analysts’ expectations of $308.50 million. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The business’s quarterly revenue was up 122.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, analysts predict that Kulicke and Soffa Industries, Inc. will post 3.14 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 18th. Kulicke and Soffa Industries’s payout ratio is presently 37.79%.

Insiders Place Their Bets

In related news, SVP Nelson Munpun Wong sold 15,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $113.72, for a total transaction of $1,705,800.00. Following the sale, the senior vice president owned 71,369 shares of the company’s stock, valued at approximately $8,116,082.68. This trade represents a 17.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter T. M. Kong sold 1,551 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $110.00, for a total value of $170,610.00. Following the completion of the transaction, the director directly owned 100,009 shares in the company, valued at approximately $11,000,990. This represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 96,551 shares of company stock valued at $11,179,010 over the last three months. Insiders own 1.20% of the company’s stock.

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.