PDT Partners LLC Takes Position in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• PDT Partners LLC established a new position in Kulicke and Soffa Industries, buying 52,581 shares valued at approximately $7.0 million. Institutional investors and hedge funds collectively own 98.22% of the company.
• Company insiders sold 76,551 shares worth about $9.18 million over the past three months, including sizable sales by the CEO and a senior vice president; insiders retain a 1.20% ownership stake.
• Kulicke and Soffa exceeded quarterly expectations with $1.20 in EPS and $330.4 million in revenue, up 122.6% year over year. Analysts maintain a consensus “Moderate Buy” rating, though the consensus price target is $69.67.

PDT Partners LLC purchased a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52,581 shares of the semiconductor company's stock, valued at approximately $7,033,000. PDT Partners LLC owned approximately 0.10% of Kulicke and Soffa Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in shares of Kulicke and Soffa Industries by 10.0% in the first quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company's stock valued at $2,118,000 after purchasing an additional 5,836 shares during the period. AQR Capital Management LLC lifted its stake in Kulicke and Soffa Industries by 168.8% in the 1st quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company's stock valued at $1,631,000 after buying an additional 31,048 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Kulicke and Soffa Industries by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 877 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Kulicke and Soffa Industries by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company's stock worth $5,140,000 after buying an additional 11,522 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Kulicke and Soffa Industries by 55.7% in the 1st quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company's stock worth $2,206,000 after buying an additional 23,923 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Nelson Munpun Wong sold 15,000 shares of the company's 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 transaction, the senior vice president 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 SEC, which is available at this hyperlink. Also, CEO Lester A. Wong sold 60,000 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total value of $7,302,600.00. Following the transaction, the chief executive officer owned 50,743 shares of the company's stock, valued at approximately $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 three months, insiders sold 76,551 shares of company stock worth $9,179,010. Company insiders own 1.20% of the company's stock.

Kulicke and Soffa Industries Price Performance

Shares of KLIC stock opened at $84.53 on Wednesday. The firm's 50-day moving average is $104.46 and its two-hundred day moving average is $90.21. Kulicke and Soffa Industries, Inc. has a 12 month low of $35.02 and a 12 month high of $135.80. The company has a market capitalization of $4.42 billion, a PE ratio of 38.95 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. The business had revenue of $330.41 million during the quarter, compared to analysts' expectations of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The business's revenue for the quarter was up 122.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. Sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Wall Street Analyst Weigh In

KLIC has been the subject of a number of research analyst reports. Needham & Company LLC increased their target price 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. Finally, Zacks Research upgraded Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. One investment 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.67.

About Kulicke and Soffa Industries

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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