Canada Pension Plan Investment Board Buys Shares of 17,900 Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Canada Pension Plan Investment Board initiated a position in Kulicke and Soffa Industries, purchasing 17,900 shares worth approximately $2.4 million. Institutional investors and hedge funds collectively own 98.22% of the company.
• Kulicke and Soffa reported strong quarterly results, with earnings of $1.20 per share and revenue of $330.41 million, surpassing analyst estimates. Revenue increased 122.6% year over year.
• Company insiders sold 76,551 shares worth about $9.18 million during the latest quarter, while the company declared a quarterly dividend of $0.205 per share, representing a 1.0% annual yield.

Canada Pension Plan Investment Board purchased a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,900 shares of the semiconductor company's stock, valued at approximately $2,394,000.

A number of other institutional investors also recently made changes to their positions in KLIC. Louisiana State Employees Retirement System acquired a new stake in Kulicke and Soffa Industries in the first quarter worth approximately $1,525,000. Kingsview Wealth Management LLC acquired a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at $3,245,000. Vanguard Group Inc. increased its position in shares of Kulicke and Soffa Industries by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,513,023 shares of the semiconductor company's stock valued at $160,053,000 after purchasing an additional 20,535 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth $911,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth $535,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 15,000 shares of Kulicke and Soffa Industries stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $113.72, for a total value of $1,705,800.00. Following the transaction, the senior vice president owned 71,369 shares of the company's stock, valued at approximately $8,116,082.68. This trade represents a 17.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lester A. Wong sold 60,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $6,175,930.53. The trade was a 54.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 76,551 shares of company stock worth $9,179,010 in the last quarter. 1.20% of the stock is owned by company insiders.

Kulicke and Soffa Industries Stock Performance

NASDAQ KLIC opened at $81.03 on Monday. The stock has a market capitalization of $4.24 billion, a P/E ratio of 37.34 and a beta of 1.67. 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 is $102.27 and its two-hundred day moving average is $90.50.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $330.41 million during the quarter, compared to analyst estimates 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 was up 122.6% compared to the same quarter last year. During the same period last year, the company posted $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 17th will be given a $0.205 dividend. The ex-dividend date 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 37.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Zacks Research raised Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Finally, Needham & Company LLC upped 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 report on Thursday, August 6th. One investment 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $69.67.

Kulicke and Soffa Industries Profile

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.

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