Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,500 shares of the semiconductor company's stock, valued at approximately $1,932,000.
Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Kulicke and Soffa Industries during the 2nd quarter valued at about $1,204,835,000. The Manufacturers Life Insurance Company purchased a new stake in Kulicke and Soffa Industries in the 2nd quarter worth approximately $153,050,000. Bank of New York Mellon Corp purchased a new stake in Kulicke and Soffa Industries in the 2nd quarter worth approximately $98,778,000. Fort Washington Investment Advisors Inc. OH grew its position in shares of Kulicke and Soffa Industries by 40.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 454,215 shares of the semiconductor company's stock worth $42,810,000 after buying an additional 130,162 shares during the last quarter. Finally, Algert Global LLC grew its position in shares of Kulicke and Soffa Industries by 83.3% in the 2nd quarter. Algert Global LLC now owns 319,794 shares of the semiconductor company's stock worth $42,776,000 after buying an additional 145,302 shares during the last quarter. 98.22% of the stock is owned by institutional investors.
Kulicke and Soffa Industries Trading Up 1.2%
Shares of KLIC stock opened at $81.43 on Thursday. Kulicke and Soffa Industries, Inc. has a 12 month low of $35.02 and a 12 month high of $135.80. The stock has a market cap of $4.26 billion, a PE ratio of 37.53 and a beta of 1.55. The company's fifty day moving average price is $86.88 and its 200-day moving average price is $95.48.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The company had revenue of $330.41 million during the quarter, compared to analyst estimates of $308.50 million. During the same period last year, the business earned $0.07 EPS. Kulicke and Soffa Industries'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. On average, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.
Kulicke and Soffa Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 17th were given a dividend of $0.2050 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 17th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is 37.79%.
Analyst Ratings Changes
Several research firms have recently issued reports on KLIC. Needham & Company LLC boosted their target price on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. B. Riley Financial decreased their target price on Kulicke and Soffa Industries from $105.00 to $86.00 and set a "neutral" rating for the company in a report on Tuesday. Zacks Research lowered Kulicke and Soffa Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $85.33.
Read Our Latest Stock Analysis on KLIC
Kulicke and Soffa Industries Profile
(
Free Report)
Kulicke and Soffa Industries, Ltd. NASDAQ: KLIC designs, manufactures and supports equipment used in the assembly and packaging of semiconductor and electronic components. Its technologies help manufacturers connect semiconductor dies to packages, attach and assemble components, and produce finished devices for use in electronics, communications, automotive, industrial and other applications.
The company's product portfolio includes wire bonding equipment, die attach systems, wedge bonding solutions and related tools, materials and services.
See Also
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