Royal Bank of Canada Sells 39,162 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Royal Bank of Canada cut its Kulicke and Soffa stake by 38.8%, selling 39,162 shares and retaining 61,888 shares worth approximately $4.1 million. Institutional investors collectively own 98.22% of the company.
• Analysts maintain a generally positive outlook, with Kulicke and Soffa receiving a “Moderate Buy” consensus rating and an average price target of $69.67; Needham recently raised its target to $115.
• The company exceeded quarterly expectations, reporting $1.20 in earnings per share versus $1.06 expected and $330.41 million in revenue, up 122.6% year over year. Insiders, however, sold 96,551 shares worth about $11.2 million over the past 90 days.

Royal Bank of Canada trimmed its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 38.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,888 shares of the semiconductor company's stock after selling 39,162 shares during the period. Royal Bank of Canada owned about 0.12% of Kulicke and Soffa Industries worth $4,067,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Kulicke and Soffa Industries by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,513,023 shares of the semiconductor company's stock worth $160,053,000 after acquiring an additional 20,535 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Kulicke and Soffa Industries by 21.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company's stock valued at $81,241,000 after purchasing an additional 409,116 shares during the last quarter. Morgan Stanley grew its stake in Kulicke and Soffa Industries by 6.7% in the fourth quarter. Morgan Stanley now owns 1,230,330 shares of the semiconductor company's stock valued at $56,054,000 after purchasing an additional 77,527 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Kulicke and Soffa Industries by 125.0% in the first quarter. Bank of New York Mellon Corp now owns 926,915 shares of the semiconductor company's stock valued at $60,917,000 after purchasing an additional 514,983 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Kulicke and Soffa Industries by 22.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 813,669 shares of the semiconductor company's stock worth $37,071,000 after purchasing an additional 148,374 shares during the last quarter. Institutional investors own 98.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Needham & Company LLC raised their target price on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.67.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, Director Mui Sung Yeo sold 20,000 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the director owned 59,197 shares of the company's stock, valued at $5,919,700. This trade represents a 25.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter T. M. Kong sold 1,551 shares of Kulicke and Soffa Industries stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $110.00, for a total transaction of $170,610.00. Following the transaction, the director directly owned 100,009 shares of the company's stock, valued at approximately $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 sold a total of 96,551 shares of company stock valued at $11,179,010 over the last 90 days. 1.20% of the stock is owned by insiders.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ:KLIC opened at $99.09 on Friday. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.02 and a 52-week high of $135.80. The company has a market capitalization of $5.19 billion, a P/E ratio of 45.66 and a beta of 1.67. The company has a 50-day simple moving average of $107.37 and a 200 day simple moving average of $88.48.

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 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 14.39% and a net margin of 12.18%.Kulicke and Soffa Industries's quarterly revenue was up 122.6% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.14 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 18th. Kulicke and Soffa Industries's payout ratio is currently 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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