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

California State Teachers Retirement System cut its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,507 shares of the semiconductor company's stock after selling 1,709 shares during the period. California State Teachers Retirement System owned about 0.11% of Kulicke and Soffa Industries worth $7,959,656 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Azimuth Capital Investment Management LLC bought a new stake in Kulicke and Soffa Industries in the second quarter valued at about $268,000. Syon Capital LLC bought a new position in Kulicke and Soffa Industries in the 2nd quarter worth approximately $232,000. Nykredit A S acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth about $298,000. XML Financial LLC acquired a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth about $231,000. Finally, Teza Capital Management LLC bought a new position in shares of Kulicke and Soffa Industries in the second quarter worth $453,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, CEO Lester Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction on Thursday, June 18th. The stock was 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. This trade represents a 54.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target 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. 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. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $69.67.

Kulicke and Soffa Industries Trading Down 0.4%

KLIC traded down $0.34 during trading on Tuesday, hitting $79.11. The stock had a trading volume of 224,945 shares, compared to its average volume of 861,404. 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 50 day simple moving average of $92.36 and a 200-day simple moving average of $91.26. The firm has a market cap of $4.14 billion, a PE ratio of 36.52 and a beta of 1.62.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings data 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. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The business had revenue of $330.41 million during the quarter, compared to the consensus estimate of $308.50 million. During the same period last year, the company earned $0.07 earnings per share. Kulicke and Soffa Industries's quarterly 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, sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed 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 of this dividend is Thursday, September 17th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.0%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 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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