BlackRock Inc. acquired a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,007,442 shares of the semiconductor company's stock, valued at approximately $1,204,835,000. BlackRock Inc. owned about 17.21% of Kulicke and Soffa Industries at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in Kulicke and Soffa Industries in the 2nd quarter valued at $98,778,000. Invesco Ltd. raised its stake in Kulicke and Soffa Industries by 347.9% during the fourth quarter. Invesco Ltd. now owns 767,001 shares of the semiconductor company's stock worth $34,945,000 after purchasing an additional 595,753 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Kulicke and Soffa Industries by 541.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 665,295 shares of the semiconductor company's stock valued at $27,038,000 after purchasing an additional 561,571 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Kulicke and Soffa Industries by 21.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company's stock valued at $81,241,000 after purchasing an additional 409,116 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Kulicke and Soffa Industries by 549.8% in the 2nd quarter. AQR Capital Management LLC now owns 321,313 shares of the semiconductor company's stock valued at $11,117,000 after purchasing an additional 271,868 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
Kulicke and Soffa Industries Trading Up 0.7%
Kulicke and Soffa Industries stock opened at $85.75 on Friday. The company has a fifty day simple moving average of $105.75 and a 200-day simple moving average of $89.60. The stock has a market cap of $4.49 billion, a P/E ratio of 39.52 and a beta of 1.67. 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 - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $330.41 million for the quarter, compared to analysts' expectations of $308.50 million. During the same period last year, the firm earned $0.07 earnings per share. Kulicke and Soffa Industries's quarterly revenue was up 122.6% on a year-over-year basis. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 1.0%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 37.79%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on KLIC. Weiss Ratings restated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Zacks Research upgraded Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Finally, Needham & Company LLC raised their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.67.
View Our Latest Stock Report on KLIC
Insiders Place Their Bets
In other news, Director Peter T. M. Kong sold 1,551 shares of Kulicke and Soffa Industries stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $110.00, for a total transaction of $170,610.00. Following the sale, the director owned 100,009 shares in the company, valued at approximately $11,000,990. The trade was a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lester A. Wong sold 60,000 shares of the business's 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 $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 76,551 shares of company stock valued at $9,179,010. 1.20% of the stock is currently owned by insiders.
About Kulicke and Soffa Industries
(
Free Report)
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.
See Also
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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