Tocqueville Asset Management L.P. Invests $4.03 Million in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Tocqueville Asset Management initiated a $4.03 million position in Kulicke and Soffa Industries, purchasing 30,151 shares. Institutional investors and hedge funds collectively own 98.22% of the company.
• Analyst sentiment is generally positive: Needham raised its price target to $115, Zacks upgraded the stock to “strong buy,” and the consensus rating is “Moderate Buy” with a $69.67 price target.
• KLIC reported quarterly earnings of $1.20 per share and revenue of $330.41 million, beating estimates, while revenue surged 122.6% year over year. Insiders have sold 76,551 shares worth approximately $9.18 million over the past 90 days.

Tocqueville Asset Management L.P. bought a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,151 shares of the semiconductor company's stock, valued at approximately $4,033,000. Tocqueville Asset Management L.P. owned about 0.06% of Kulicke and Soffa Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kingsview Wealth Management LLC purchased a new position in Kulicke and Soffa Industries in the 4th quarter worth about $3,245,000. Louisiana State Employees Retirement System purchased a new stake in Kulicke and Soffa Industries during the first quarter valued at about $1,525,000. Vanguard Group Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,513,023 shares of the semiconductor company's stock worth $160,053,000 after buying an additional 20,535 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Kulicke and Soffa Industries in the fourth quarter worth about $911,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Kulicke and Soffa Industries in the first quarter worth approximately $7,599,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KLIC has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of 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 shares of Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.67.

Insider Activity

In other news, Director Peter T. M. Kong sold 1,551 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $110.00, for a total transaction of $170,610.00. Following the transaction, the director owned 100,009 shares in the company, valued at approximately $11,000,990. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Nelson Munpun Wong sold 15,000 shares of Kulicke and Soffa Industries stock in a transaction on Friday, June 12th. The shares were sold at an average price of $113.72, for a total transaction of $1,705,800.00. Following the completion of the sale, the senior vice president directly owned 71,369 shares of the company's stock, valued at approximately $8,116,082.68. The trade was a 17.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 76,551 shares of company stock worth $9,179,010. 1.20% of the stock is owned by corporate insiders.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $85.13 on Friday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 39.23 and a beta of 1.67. The stock has a 50-day simple moving average of $106.30 and a 200-day simple moving average of $89.63. 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 released its quarterly earnings data 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 firm had revenue of $330.41 million for the quarter, compared to the consensus estimate of $308.50 million. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The firm's revenue was up 122.6% on a year-over-year basis. During the same quarter in the prior 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 research analysts predict that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 1.0%. Kulicke and Soffa Industries's dividend payout ratio is 37.79%.

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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