Jupiter Topco LLC Purchases New Shares in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Jupiter Topco LLC acquired 39,261 shares of Kulicke and Soffa Industries in the second quarter, worth approximately $5.25 million. Several other institutions also initiated positions, and institutional investors now own 98.22% of the company.
• Kulicke and Soffa reported strong quarterly results, with EPS of $1.20 and revenue of $330.41 million, exceeding estimates; revenue increased 122.6% year over year.
• Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating, while insiders sold 76,551 shares worth $9.18 million during the last quarter. The company also declared a quarterly dividend of $0.205 per share.

Jupiter Topco LLC acquired a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,261 shares of the semiconductor company's stock, valued at approximately $5,252,000. Jupiter Topco LLC owned approximately 0.08% of Kulicke and Soffa Industries as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Hsbc Holdings PLC bought a new stake in shares of Kulicke and Soffa Industries in the 2nd quarter worth about $3,174,000. PDT Partners LLC bought a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $7,033,000. Canada Pension Plan Investment Board purchased a new position in Kulicke and Soffa Industries in the second quarter worth about $2,394,000. Castleark Management LLC purchased a new position in Kulicke and Soffa Industries in the second quarter worth about $11,630,000. Finally, Legal & General Group Plc bought a new stake in Kulicke and Soffa Industries during the second quarter worth approximately $16,936,000. 98.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong sold 1,551 shares of the 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 sale, the director owned 100,009 shares in the company, valued at $11,000,990. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nelson Munpun Wong sold 15,000 shares of Kulicke and Soffa Industries stock in a transaction on 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 76,551 shares of company stock valued at $9,179,010 in the last quarter. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KLIC. Weiss Ratings restated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Zacks Research upgraded Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Finally, Needham & Company LLC boosted their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of "Moderate Buy" and an average target price of $69.67.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $80.06 on Tuesday. The company has a market cap of $4.19 billion, a P/E ratio of 36.89 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 firm has a 50-day simple moving average of $101.38 and a two-hundred day simple moving average of $90.53.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating 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 for the quarter was up 122.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be 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 is Thursday, September 17th. Kulicke and Soffa Industries's dividend payout ratio is 37.79%.

Kulicke and Soffa Industries Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.