Kulicke and Soffa Industries, Inc. $KLIC is Algert Global LLC's 4th Largest Position

Key Points

• Algert Global increased its Kulicke and Soffa stake by 83.3% in the second quarter, making KLIC its fourth-largest holding at approximately $42.8 million. Institutional investors collectively own 98.22% of the company.
• Insiders have been selling shares: CEO Lester Wong and SVP Nelson Wong sold a combined 75,000 shares, while insiders sold 76,551 shares worth about $9.2 million over the past 90 days.
• KLIC reported strong quarterly results, with EPS of $1.20 versus the $1.06 estimate and revenue up 122.6% year over year to $330.4 million. Analysts maintain a “Moderate Buy” consensus, though the stock opened at $83.51, down 2.6%.

Algert Global LLC boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 83.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 319,794 shares of the semiconductor company's stock after acquiring an additional 145,302 shares during the quarter. Kulicke and Soffa Industries accounts for about 0.5% of Algert Global LLC's investment portfolio, making the stock its 4th largest position. Algert Global LLC owned 0.61% of Kulicke and Soffa Industries worth $42,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KLIC. Tairen Capital Ltd purchased a new position in Kulicke and Soffa Industries in the second quarter worth $8,398,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Kulicke and Soffa Industries during the second quarter worth about $26,300,000. Globeflex Capital L P purchased a new position in shares of Kulicke and Soffa Industries in the 2nd quarter worth about $11,904,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Kulicke and Soffa Industries in the 2nd quarter worth about $234,000. Finally, William Blair Investment Management LLC bought a new position in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $25,777,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Insider Activity

In related news, SVP Nelson Munpun Wong sold 15,000 shares of Kulicke and Soffa Industries stock in a transaction on Friday, June 12th. The shares were sold at an average price of $113.72, for a total value of $1,705,800.00. Following the transaction, the senior vice president directly owned 71,369 shares of the company's stock, valued at $8,116,082.68. The trade was a 17.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lester A. Wong sold 60,000 shares of the company's stock in a transaction 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 owned 50,743 shares of the company's stock, valued at $6,175,930.53. This represents a 54.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 76,551 shares of company stock valued at $9,179,010. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KLIC has been the topic of a number of research reports. Zacks Research raised Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. Finally, Needham & Company LLC increased their price target on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $69.67.

Kulicke and Soffa Industries Trading Down 2.6%

Shares of NASDAQ:KLIC opened at $83.51 on Tuesday. The stock has a market capitalization of $4.37 billion, a P/E ratio of 38.48 and a beta of 1.67. The stock's 50-day moving average price is $105.11 and its 200-day moving average price is $90.01. 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 released its earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.14. The company 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%.Kulicke and Soffa Industries's revenue for the quarter was up 122.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, research analysts predict that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

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.

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