Kingsview Wealth Management LLC Buys New Shares in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Kingsview Wealth Management bought 51,755 shares of Kulicke and Soffa Industries worth approximately $6.9 million, while institutional investors collectively own 98.22% of the company.
• Analyst sentiment is moderately positive, with a consensus “Moderate Buy” rating and a $69.67 price target. The company recently beat quarterly estimates, reporting $1.20 in EPS and $330.41 million in revenue, up 122.6% year over year.
• KLIC shares opened at $81.03 after falling 4.3%, while insiders have sold 76,551 shares worth about $9.18 million over the past 90 days. The company also declared a quarterly dividend of $0.205 per share, representing a 1.0% annualized yield.

Kingsview Wealth Management LLC bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 51,755 shares of the semiconductor company's stock, valued at approximately $6,923,000. Kingsview Wealth Management LLC owned approximately 0.10% of Kulicke and Soffa Industries at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of Kulicke and Soffa Industries during the second quarter worth about $1,003,000. Grandeur Peak Global Advisors LLC acquired a new stake in Kulicke and Soffa Industries in the second quarter valued at approximately $4,839,000. Public Employees Retirement System of Ohio acquired a new stake in Kulicke and Soffa Industries in the second quarter valued at approximately $165,000. Capstone Investment Advisors LLC purchased a new position in Kulicke and Soffa Industries in the second quarter worth approximately $261,000. Finally, Corient Private Wealth LP purchased a new position in Kulicke and Soffa Industries in the second quarter worth approximately $559,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Needham & Company LLC lifted their price objective on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently 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, SVP Nelson Munpun Wong sold 15,000 shares of the company's 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 completion of the sale, the senior vice president directly owned 71,369 shares of the company's stock, valued at $8,116,082.68. This represents a 17.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter T. M. Kong sold 1,551 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 100,009 shares in the company, valued at $11,000,990. This represents a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 76,551 shares of company stock worth $9,179,010. Corporate insiders own 1.20% of the company's stock.

Kulicke and Soffa Industries Trading Down 4.3%

Shares of Kulicke and Soffa Industries stock opened at $81.03 on Friday. The company has a fifty day simple moving average of $102.27 and a 200-day simple moving average of $90.37. Kulicke and Soffa Industries, Inc. has a 12-month low of $35.02 and a 12-month high of $135.80. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 37.34 and a beta of 1.67.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its 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 net margin of 12.18% and a return on equity of 14.39%. The firm had revenue of $330.41 million for the quarter, compared to the consensus estimate of $308.50 million. During the same period last year, the firm posted $0.07 EPS. The company'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. On average, analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.82 annualized dividend and a dividend yield of 1.0%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 37.79%.

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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