Bank of America Corp DE boosted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 60.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 275,933 shares of the semiconductor company's stock after purchasing an additional 103,718 shares during the quarter. Bank of America Corp DE owned approximately 0.53% of Kulicke and Soffa Industries worth $18,134,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in shares of Kulicke and Soffa Industries during the first quarter worth about $26,000. Advisory Services Network LLC acquired a new stake in shares of Kulicke and Soffa Industries during the third quarter worth $29,000. Meeder Asset Management Inc. bought a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Kulicke and Soffa Industries by 2,665.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company's stock worth $33,000 after buying an additional 933 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its position in shares of Kulicke and Soffa Industries by 48.4% in the 4th quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company's stock worth $35,000 after buying an additional 254 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Kulicke and Soffa Industries
In other news, CEO Lester A. Wong sold 60,000 shares of the business's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total value of $7,302,600.00. Following the sale, the chief executive officer owned 50,743 shares of the company's stock, valued at approximately $6,175,930.53. The trade was a 54.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nelson Munpun Wong sold 15,000 shares of the business's stock in a transaction dated 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 completion of the sale, the senior vice president owned 71,369 shares in the company, valued at approximately $8,116,082.68. This trade represents a 17.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 76,551 shares of company stock valued at $9,179,010. Corporate insiders own 1.20% of the company's stock.
Kulicke and Soffa Industries Price Performance
Shares of Kulicke and Soffa Industries stock opened at $86.29 on Thursday. Kulicke and Soffa Industries, Inc. has a 1-year low of $35.02 and a 1-year high of $135.80. The business's fifty day moving average price is $106.83 and its two-hundred day moving average price is $89.43. The company has a market capitalization of $4.52 billion, a P/E ratio of 39.77 and a beta of 1.67.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $330.41 million for the quarter, compared to analysts' expectations of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The company's revenue was up 122.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, research analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were given a dividend of $0.205 per share. The ex-dividend date 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 37.79%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on KLIC. Zacks Research raised shares of Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Finally, Needham & Company LLC lifted 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.67.
Read Our Latest Stock Analysis on Kulicke and Soffa Industries
Kulicke and Soffa Industries Profile
(
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
Want to see what other hedge funds are holding KLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report).
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