Bank of New York Mellon Corp purchased a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 738,469 shares of the semiconductor company's stock, valued at approximately $98,778,000. Bank of New York Mellon Corp owned approximately 1.41% of Kulicke and Soffa Industries at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of KLIC. MassMutual Private Wealth & Trust FSB grew its holdings in Kulicke and Soffa Industries by 12.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 877 shares of the semiconductor company's stock worth $117,000 after purchasing an additional 98 shares during the period. CIBC Asset Management Inc increased its stake in shares of Kulicke and Soffa Industries by 3.4% during the fourth quarter. CIBC Asset Management Inc now owns 5,231 shares of the semiconductor company's stock valued at $238,000 after purchasing an additional 171 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,556 shares of the semiconductor company's stock valued at $344,000 after purchasing an additional 172 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Kulicke and Soffa Industries by 2.0% during the fourth quarter. ProShare Advisors LLC now owns 9,926 shares of the semiconductor company's stock valued at $452,000 after purchasing an additional 198 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Kulicke and Soffa Industries by 3.0% in the 4th quarter. HighTower Advisors LLC now owns 6,929 shares of the semiconductor company's stock worth $316,000 after purchasing an additional 205 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have issued reports on KLIC. Weiss Ratings reiterated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. Needham & Company LLC increased their price objective on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a "buy" rating in a research 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 report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $69.67.
View Our Latest Analysis on Kulicke and Soffa Industries
Kulicke and Soffa Industries Trading Down 2.6%
NASDAQ:KLIC opened at $83.51 on Tuesday. Kulicke and Soffa Industries, Inc. has a 12 month low of $35.02 and a 12 month high of $135.80. The company has a market cap of $4.37 billion, a PE ratio of 38.48 and a beta of 1.67. The company has a 50 day simple moving average of $105.11 and a two-hundred day simple moving average of $90.01.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. The firm had revenue of $330.41 million for the quarter, compared to the consensus estimate of $308.50 million. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The company's revenue for the quarter was up 122.6% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. Research analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current year.
Insider Transactions at Kulicke and Soffa Industries
In other news, CEO Lester A. Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $121.71, for a total transaction of $7,302,600.00. Following the transaction, the chief executive officer owned 50,743 shares in the company, valued at $6,175,930.53. This trade represents a 54.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter T. M. Kong sold 1,551 shares of the company's stock in a transaction dated 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 sale, the director owned 100,009 shares of the company's stock, valued at approximately $11,000,990. The trade was a 1.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 76,551 shares of company stock worth $9,179,010 in the last quarter. Company insiders own 1.20% of the company's stock.
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.
Featured Articles
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Kulicke and Soffa Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kulicke and Soffa Industries wasn't on the list.
While Kulicke and Soffa Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
