Paradigm Capital Management Inc. NY Takes Position in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Paradigm Capital Management initiated a position in Kulicke and Soffa Industries, purchasing 166,825 shares valued at approximately $22.3 million. Institutional investors collectively own 98.22% of the company.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy”; Needham raised its price target to $115, while Zacks upgraded the stock to “Strong Buy.”
• Kulicke and Soffa reported strong quarterly results, including EPS of $1.20 versus the $1.06 estimate and revenue growth of 122.6% year over year. However, insiders sold 76,551 shares worth about $9.2 million over the past 90 days.

Paradigm Capital Management Inc. NY purchased a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 166,825 shares of the semiconductor company's stock, valued at approximately $22,315,000. Paradigm Capital Management Inc. NY owned 0.32% of Kulicke and Soffa Industries at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Summit Securities Group LLC bought a new stake in Kulicke and Soffa Industries in the first quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Kulicke and Soffa Industries during the second quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter worth $29,000. Meeder Asset Management Inc. purchased a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $30,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Kulicke and Soffa Industries by 2,665.7% during the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KLIC shares. Needham & Company LLC boosted their target price 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. Zacks Research raised shares of Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.67.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, CEO Lester A. Wong sold 60,000 shares of the firm's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total transaction of $7,302,600.00. Following the completion of the transaction, the chief executive officer directly owned 50,743 shares in the company, valued at $6,175,930.53. This trade represents a 54.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter T. M. Kong sold 1,551 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were 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 of the company's stock, valued at $11,000,990. This trade represents a 1.53% 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 over the last 90 days. 1.20% of the stock is owned by insiders.

Kulicke and Soffa Industries Stock Down 2.6%

NASDAQ KLIC opened at $83.51 on Tuesday. The business's fifty day simple moving average is $105.11 and its 200-day simple moving average is $90.01. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.02 and a 52 week high of $135.80. The firm has a market cap of $4.37 billion, a PE ratio of 38.48 and a beta of 1.67.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings results 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 net margin of 12.18% and a return on equity of 14.39%. The business had revenue of $330.41 million during the quarter, compared to analysts' expectations of $308.50 million. During the same quarter in the prior year, the company posted $0.07 EPS. The business's revenue for the quarter 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. Research analysts expect 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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