Tidal Investments LLC Increases Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Tidal Investments increased its Kulicke and Soffa Industries stake by 256.7% in the second quarter, bringing its holdings to 26,464 shares worth approximately $3.54 million. Institutional investors collectively own 98.22% of the company.
• Analyst sentiment is generally positive: Needham raised its price target to $115, while Zacks upgraded the stock to “strong buy.” The consensus rating is “Moderate Buy,” with an average price target of $69.67.
• Kulicke and Soffa reported quarterly EPS of $1.20 and revenue of $330.41 million, beating estimates and marking 122.6% year-over-year revenue growth. However, the stock opened at $79.45, well below its 50- and 200-day moving averages, while CEO Lester Wong sold 60,000 shares.

Tidal Investments LLC raised its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 256.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,464 shares of the semiconductor company's stock after purchasing an additional 19,045 shares during the period. Tidal Investments LLC owned 0.05% of Kulicke and Soffa Industries worth $3,540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KLIC. Kingsview Wealth Management LLC bought a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at about $3,245,000. Louisiana State Employees Retirement System bought a new position in Kulicke and Soffa Industries in the first quarter worth about $1,525,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth about $911,000. HighTower Advisors LLC lifted its holdings in Kulicke and Soffa Industries by 362.7% in the second quarter. HighTower Advisors LLC now owns 37,484 shares of the semiconductor company's stock worth $5,014,000 after buying an additional 29,383 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth about $535,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KLIC shares. 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 research report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $69.67.

Insider Activity

In other news, CEO Lester Wong sold 60,000 shares of the firm's stock in a transaction dated 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 trade represents a 54.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

Kulicke and Soffa Industries Stock Down 7.8%

Kulicke and Soffa Industries stock opened at $79.45 on Tuesday. The company has a market capitalization of $4.16 billion, a P/E ratio of 36.61 and a beta of 1.62. The stock's 50 day moving average is $92.36 and its 200 day moving average is $91.26. Kulicke and Soffa Industries, Inc. has a twelve month low of $35.02 and a twelve month high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share for the quarter, topping 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 company had revenue of $330.41 million during the quarter, compared to analyst estimates of $308.50 million. During the same period in the previous year, the business earned $0.07 EPS. The firm'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. As a group, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.205 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.82 annualized dividend and a yield of 1.0%. Kulicke and Soffa Industries's dividend payout ratio is currently 37.79%.

Kulicke and Soffa Industries Profile

Kulicke and Soffa Industries, Ltd. develops and manufactures equipment and tools used in semiconductor and electronic assembly. Its solutions support the packaging, interconnection and assembly of integrated circuits, light-emitting diodes and other electronic components.

The company's product portfolio includes wire bonding systems, wedge bonders, die attach equipment, advanced packaging systems and related consumables. Its technologies are used in applications such as automotive electronics, consumer electronics, communications, computing, power semiconductors and optoelectronics.

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