Bank of America Corp DE Buys Shares of 244,628 Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Bank of America initiated a position in Kulicke and Soffa Industries by purchasing 244,628 shares worth approximately $32.7 million, while institutional investors collectively own 98.22% of the company.
• Analyst sentiment is positive overall, with a consensus “Moderate Buy” rating and an average price target of $69.67; Needham raised its target to $115 and Zacks upgraded the stock to “Strong Buy.”
• Kulicke and Soffa reported strong quarterly results, including $1.20 earnings per share and $330.4 million in revenue, representing 122.6% year-over-year growth. The company also declared a quarterly dividend of $0.205 per share, yielding approximately 0.9% annually.

Bank of America Corp DE bought a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 244,628 shares of the semiconductor company's stock, valued at approximately $32,721,000. Bank of America Corp DE owned 0.47% of Kulicke and Soffa Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Kulicke and Soffa Industries during the 2nd quarter worth $1,204,835,000. The Manufacturers Life Insurance Company acquired a new position in Kulicke and Soffa Industries in the second quarter valued at about $153,050,000. Bank of New York Mellon Corp acquired a new position in Kulicke and Soffa Industries in the second quarter valued at about $98,778,000. Algert Global LLC increased its holdings in shares of Kulicke and Soffa Industries by 83.3% in the second quarter. Algert Global LLC now owns 319,794 shares of the semiconductor company's stock worth $42,776,000 after acquiring an additional 145,302 shares in the last quarter. Finally, Emerald Advisers LLC increased its holdings in shares of Kulicke and Soffa Industries by 5.5% in the first quarter. Emerald Advisers LLC now owns 568,996 shares of the semiconductor company's stock worth $37,394,000 after acquiring an additional 29,882 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Needham & Company LLC raised 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 report on Thursday, August 6th. Finally, Zacks Research raised shares of Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $69.67.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $89.54 on Wednesday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 41.26 and a beta of 1.62. The business has a 50-day moving average of $89.27 and a 200-day moving average of $91.82. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $35.02 and a fifty-two week high of $135.80.

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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $330.41 million during the quarter, compared to analysts' expectations of $308.50 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The business'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 expect that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 17th. Kulicke and Soffa Industries's dividend payout ratio is 37.79%.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Ltd. develops and manufactures equipment and tools used in semiconductor and electronic assembly. Its solutions support the packaging, interconnection and assembly of integrated circuits, light-emitting diodes and other electronic components.

The company's product portfolio includes wire bonding systems, wedge bonders, die attach equipment, advanced packaging systems and related consumables. Its technologies are used in applications such as automotive electronics, consumer electronics, communications, computing, power semiconductors and optoelectronics.

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