California State Teachers Retirement System Raises Stock Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• California State Teachers Retirement System increased its KLIC stake by 12,902.6%, adding nearly 7.9 million shares to own 7.96 million shares worth about $1.06 billion, or 15.21% of the company.
• Kulicke and Soffa reported quarterly earnings of $1.20 per share, beating estimates of $1.06, while revenue rose 122.6% year over year to $330.4 million. Analysts maintain a “Moderate Buy” consensus, with an average price target of $69.67.
• The company declared a quarterly dividend of $0.205, equivalent to an annualized yield of about 1.0%; meanwhile, CEO Lester Wong sold 60,000 shares at an average price of $121.71, reducing his direct holdings by 54.18%.

California State Teachers Retirement System raised its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 12,902.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,959,656 shares of the semiconductor company's stock after buying an additional 7,898,440 shares during the quarter. California State Teachers Retirement System owned about 15.21% of Kulicke and Soffa Industries worth $1,064,684,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Kulicke and Soffa Industries in the 1st quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Kulicke and Soffa Industries during the second quarter worth about $28,000. Advisory Services Network LLC purchased a new stake in Kulicke and Soffa Industries in the third quarter worth about $29,000. Meeder Asset Management Inc. purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth about $30,000. Finally, EverSource Wealth Advisors LLC increased its stake 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 valued at $33,000 after purchasing an additional 933 shares in the last quarter. Institutional investors own 98.22% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KLIC. Weiss Ratings reissued a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Needham & Company LLC raised their price objective on 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 upgraded Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Kulicke and Soffa Industries currently has an average rating of "Moderate Buy" and an average price target of $69.67.

Insider Buying and Selling

In other Kulicke and Soffa Industries news, CEO Lester Wong sold 60,000 shares of the business's 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 completion of the sale, the chief executive officer directly owned 50,743 shares in the company, valued at approximately $6,175,930.53. The trade was a 54.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Kulicke and Soffa Industries Trading Up 3.8%

Shares of KLIC opened at $86.13 on Friday. The business's fifty day simple moving average is $93.16 and its two-hundred day simple moving average is $91.05. 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 $4.51 billion, a price-to-earnings ratio of 39.69 and a beta of 1.62.

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, topping 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 quarter in the previous year, the business earned $0.07 earnings per share. The company's 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, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 17th will be issued a $0.205 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.82 annualized dividend and a yield of 1.0%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 37.79%.

Kulicke and Soffa Industries Company Profile

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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