HighTower Advisors LLC Purchases 29,383 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• HighTower Advisors increased its Kulicke and Soffa Industries stake by 362.7% in the second quarter, adding 29,383 shares to hold 37,484 shares valued at approximately $5 million. Institutional investors collectively own 98.22% of KLIC.
• KLIC reported a strong quarter, with EPS of $1.20 beating estimates of $1.06 and revenue of $330.41 million rising 122.6% year over year. Analysts hold a “Moderate Buy” consensus rating, with an average price target of $69.67.
• The company declared a quarterly dividend of $0.205 per share, or $0.82 annually, representing a 1.0% yield. CEO Lester Wong separately sold 60,000 shares at an average price of $121.71.

HighTower Advisors LLC raised its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 362.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,484 shares of the semiconductor company's stock after buying an additional 29,383 shares during the quarter. HighTower Advisors LLC owned 0.07% of Kulicke and Soffa Industries worth $5,014,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KLIC. BlackRock Inc. bought a new stake in Kulicke and Soffa Industries in the 2nd quarter valued at about $1,204,835,000. California State Teachers Retirement System boosted its stake in shares of Kulicke and Soffa Industries by 12,902.6% in the second quarter. California State Teachers Retirement System now owns 7,959,656 shares of the semiconductor company's stock valued at $1,064,684,000 after buying an additional 7,898,440 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Kulicke and Soffa Industries in the second quarter valued at approximately $153,050,000. Bank of New York Mellon Corp acquired a new stake in Kulicke and Soffa Industries during the second quarter worth approximately $98,778,000. Finally, Invesco Ltd. grew its position in Kulicke and Soffa Industries by 347.9% during the fourth quarter. Invesco Ltd. now owns 767,001 shares of the semiconductor company's stock worth $34,945,000 after buying an additional 595,753 shares in the last quarter. Institutional investors own 98.22% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KLIC. Needham & Company LLC lifted their price objective on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Finally, Zacks Research raised Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. One equities research 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, Kulicke and Soffa Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.67.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock opened at $82.97 on Friday. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.02 and a 52 week high of $135.80. The stock has a market capitalization of $4.34 billion, a P/E ratio of 38.24 and a beta of 1.62. The stock has a fifty day moving average of $93.86 and a 200-day moving average of $91.08.

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, beating 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 business had revenue of $330.41 million for the quarter, compared to analyst estimates of $308.50 million. During the same period last year, the firm posted $0.07 earnings per share. Kulicke and Soffa Industries's revenue was up 122.6% compared to the same quarter last year. 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. Stockholders of record on Thursday, September 17th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, September 17th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 37.79%.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, CEO Lester Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred 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 sale, the chief executive officer directly owned 50,743 shares of the company's stock, valued at approximately $6,175,930.53. The trade was a 54.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company's stock.

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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