Arrowstreet Capital Limited Partnership Sells 86,806 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Arrowstreet Capital cut its Kulicke and Soffa stake by 47.8%, selling 86,806 shares and retaining 94,700 shares valued at approximately $6.2 million.
• Company insiders sold 98,051 shares worth about $11.3 million over the past 90 days, while institutional investors and hedge funds collectively own 98.22% of KLIC.
• Kulicke and Soffa reported quarterly EPS of $0.79 and revenue of $242.62 million, surpassing analyst estimates, while revenue rose 49.8% year over year. Analysts maintain a consensus “Hold” rating with a $59.25 price target.

Arrowstreet Capital Limited Partnership lowered its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 47.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 94,700 shares of the semiconductor company's stock after selling 86,806 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.18% of Kulicke and Soffa Industries worth $6,224,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in Kulicke and Soffa Industries during the 1st quarter worth approximately $26,000. Advisory Services Network LLC bought a new position in Kulicke and Soffa Industries during the 3rd quarter worth $29,000. Meeder Asset Management Inc. bought a new position in Kulicke and Soffa Industries during the 4th quarter worth $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Kulicke and Soffa Industries by 2,665.7% during the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company's stock worth $33,000 after buying an additional 933 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its stake in shares of Kulicke and Soffa Industries by 48.4% in the fourth quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 254 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, Director Peter T. M. Kong sold 1,551 shares of the stock in a transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nelson Munpun Wong sold 15,000 shares of the firm's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $113.72, for a total value of $1,705,800.00. Following the sale, the senior vice president directly owned 71,369 shares in the company, valued at approximately $8,116,082.68. This trade represents a 17.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 98,051 shares of company stock worth $11,333,480 over the last 90 days. 1.20% of the stock is owned by corporate insiders.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC stock opened at $89.20 on Monday. The stock's fifty day moving average price is $109.85 and its two-hundred day moving average price is $86.23. The company has a market cap of $4.67 billion, a PE ratio of 85.77 and a beta of 1.67. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $31.32 and a fifty-two week high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.12. The company had revenue of $242.62 million during the quarter, compared to analysts' expectations of $228.75 million. Kulicke and Soffa Industries had a return on equity of 7.29% and a net margin of 7.16%.Kulicke and Soffa Industries's revenue was up 49.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.52) EPS. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. On average, equities analysts predict that Kulicke and Soffa Industries, Inc. will post 2.85 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Thursday, June 18th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, June 18th. Kulicke and Soffa Industries's dividend payout ratio is currently 78.85%.

Wall Street Analysts Forecast Growth

KLIC has been the subject of several analyst reports. Needham & Company LLC lifted their price objective on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Kulicke and Soffa Industries from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, May 11th. Finally, Zacks Research cut Kulicke and Soffa Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries presently has an average rating of "Hold" and a consensus target price of $59.25.

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.

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