Engineers Gate Manager LP Lowers Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Engineers Gate Manager LP cut its Kulicke and Soffa Industries stake by 52.3% in the second quarter, selling 16,441 shares and retaining 14,985 shares worth approximately $2 million. Institutional investors still own 98.22% of the company.
• Kulicke and Soffa reported quarterly EPS of $1.20, exceeding estimates of $1.06, while revenue rose 122.6% year over year to $330.41 million. The company issued fourth-quarter 2026 EPS guidance of $1.278 to $1.562.
• The company declared a quarterly dividend of $0.205 per share, equivalent to an annualized $0.82 payout and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus, although the $69.67 average price target is below the reported share price of $78.79.

Engineers Gate Manager LP lowered its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 52.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,985 shares of the semiconductor company's stock after selling 16,441 shares during the period. Engineers Gate Manager LP's holdings in Kulicke and Soffa Industries were worth $2,004,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Kulicke and Soffa Industries during the 2nd quarter worth approximately $1,204,835,000. The Manufacturers Life Insurance Company acquired a new position in shares of Kulicke and Soffa Industries in the second quarter worth $153,050,000. Bank of New York Mellon Corp acquired a new position in shares of Kulicke and Soffa Industries in the second quarter worth $98,778,000. Bank of America Corp DE acquired a new position in shares of Kulicke and Soffa Industries in the second quarter worth $32,721,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Kulicke and Soffa Industries during the second quarter worth $26,300,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Down 0.8%

Shares of Kulicke and Soffa Industries stock opened at $78.79 on Wednesday. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.02 and a 52-week high of $135.80. The company has a 50 day moving average of $91.81 and a 200 day moving average of $91.30. The company has a market capitalization of $4.12 billion, a P/E ratio of 36.31 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 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The company 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 posted $0.07 EPS. The firm'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 anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm 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. This represents a $0.82 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 17th. Kulicke and Soffa Industries's dividend payout ratio is 37.79%.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, CEO Lester 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 transaction of $7,302,600.00. Following the completion of the sale, the chief executive officer directly owned 50,743 shares of the company's stock, valued at $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 available at this link. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Needham & Company LLC increased their price objective on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Zacks Research raised Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research note 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 investment 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 stock. According to MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.67.

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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