Deutsche Bank AG Purchases New Shares in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Deutsche Bank AG acquired 165,613 shares of Kulicke and Soffa Industries in the second quarter, valued at approximately $22.2 million, while institutional investors collectively owned 98.22% of the company.
• KLIC reported quarterly earnings of $1.20 per share, beating estimates of $1.06, with revenue rising 122.6% year over year to $330.4 million. Analysts maintain a “Moderate Buy” consensus rating, with a $69.67 average price target.
• Company insiders sold 76,551 shares worth approximately $9.18 million over the past 90 days, including CEO Lester Wong’s sale of 60,000 shares.

Deutsche Bank AG acquired a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 165,613 shares of the semiconductor company's stock, valued at approximately $22,152,000. Deutsche Bank AG owned approximately 0.32% of Kulicke and Soffa Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Kulicke and Soffa Industries during the second quarter valued at approximately $28,000. Summit Securities Group LLC bought a new stake in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $30,000. USA Financial Formulas purchased a new stake in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $44,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Kulicke and Soffa Industries in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KLIC. Zacks Research upgraded Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Needham & Company LLC increased their target price on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. One research 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.67.

Insider Transactions at Kulicke and Soffa Industries

In related news, Director Peter T. M. Kong sold 1,551 shares of the firm's stock in a transaction on 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 transaction, the director owned 100,009 shares in the company, valued at $11,000,990. This trade represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lester A. Wong sold 60,000 shares of Kulicke and Soffa Industries 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 directly owned 50,743 shares of the company's stock, valued at approximately $6,175,930.53. This represents a 54.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 76,551 shares of company stock worth $9,179,010. 1.20% of the stock is currently owned by insiders.

Kulicke and Soffa Industries Trading Up 0.7%

KLIC stock opened at $85.75 on Friday. The stock has a market capitalization of $4.49 billion, a PE ratio of 39.52 and a beta of 1.67. The stock's 50 day simple moving average is $105.75 and its 200 day simple moving average is $89.60. Kulicke and Soffa Industries, Inc. has a 12-month low of $35.02 and a 12-month high of $135.80.

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 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $308.50 million. During the same period last year, the firm earned $0.07 earnings per share. The business'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. On average, research analysts predict that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Thursday, June 18th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th. Kulicke and Soffa Industries's dividend payout ratio is 37.79%.

About Kulicke and Soffa Industries

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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