Kulicke and Soffa Industries, Inc. $KLIC Stock: Copeland Capital Management LLC Reduces Stake

Key Points

• Copeland Capital Management cut its KLIC stake by 33.9% in the third quarter, selling 339,152 shares and retaining 661,141 shares valued at approximately $62.3 million. Institutional investors collectively own 98.22% of the company.
• Analyst sentiment is mixed: Needham raised its price target to $115 and maintained a “buy” rating, while other analysts remain at “hold.” MarketBeat reports a consensus “Hold” rating and a $69.67 average target price.
• KLIC reported strong quarterly results, with EPS of $1.20 beating estimates and revenue rising 122.6% year over year to $330.41 million. Shares opened at $88.54, while the company also declared a quarterly dividend of $0.205 per share.

Copeland Capital Management LLC decreased its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 661,141 shares of the semiconductor company's stock after selling 339,152 shares during the quarter. Kulicke and Soffa Industries accounts for approximately 1.4% of Copeland Capital Management LLC's portfolio, making the stock its 17th largest position. Copeland Capital Management LLC owned about 1.26% of Kulicke and Soffa Industries worth $62,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KLIC. Contravisory Investment Management Inc. raised its position in Kulicke and Soffa Industries by 9.4% during the third quarter. Contravisory Investment Management Inc. now owns 5,439 shares of the semiconductor company's stock valued at $513,000 after purchasing an additional 467 shares in the last quarter. GAMMA Investing LLC lifted its stake in Kulicke and Soffa Industries by 10.3% during the third quarter. GAMMA Investing LLC now owns 4,150 shares of the semiconductor company's stock worth $391,000 after purchasing an additional 388 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in Kulicke and Soffa Industries by 39.4% during the third quarter. Central Pacific Bank Trust Division now owns 3,009 shares of the semiconductor company's stock worth $284,000 after purchasing an additional 850 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Kulicke and Soffa Industries during the second quarter worth about $286,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Kulicke and Soffa Industries by 65.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,875 shares of the semiconductor company's stock worth $786,000 after purchasing an additional 2,321 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analysts Set New Price Targets

KLIC has been the topic of several recent research reports. Zacks Research lowered Kulicke and Soffa Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Needham & Company LLC raised 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. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of "Hold" and a consensus target price of $69.67.

Kulicke and Soffa Industries Stock Up 0.2%

Shares of KLIC stock opened at $88.54 on Wednesday. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 38.43 and a beta of 1.55. The stock has a fifty day moving average of $88.06 and a 200 day moving average of $94.76. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.02 and a 52 week high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (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 business had revenue of $330.41 million for the quarter, compared to the consensus estimate of $308.50 million. During the same period in the previous year, the firm earned $0.07 EPS. The company's quarterly 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. Equities research analysts anticipate 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 was paid on Wednesday, October 7th. Investors of record on Thursday, September 17th were given a dividend of $0.2050 per share. The ex-dividend date was Thursday, September 17th. This represents a $0.82 annualized dividend and a dividend yield of 0.9%. Kulicke and Soffa Industries's payout ratio is currently 37.79%.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc NASDAQ: KLIC develops and manufactures semiconductor and electronic assembly equipment. Its products are used in the back-end manufacturing stage, where semiconductor devices are assembled, connected, and packaged for use in electronic products.

The company's offerings include ball bonders, wedge bonders, die attach equipment, advanced packaging systems, and related tools and consumables. These solutions support applications such as power semiconductors, automotive electronics, communications equipment, integrated circuits, light-emitting diodes, and other semiconductor devices.

Founded in 1951, Kulicke and Soffa serves semiconductor manufacturers, outsourced semiconductor assembly and test providers, and electronics producers worldwide.

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