WINTON GROUP Ltd Lowers Position in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• WINTON GROUP Ltd cut its Kulicke and Soffa Industries stake by 61.3% in the second quarter, selling 14,714 shares and retaining 9,298 shares valued at approximately $1.24 million. Institutional investors collectively own 98.22% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $69.67; Needham raised its target to $115, while Zacks upgraded the stock to “strong buy.”
• Kulicke and Soffa exceeded quarterly expectations, reporting $1.20 in EPS and $330.41 million in revenue, with revenue up 122.6% year over year. The company also declared a quarterly dividend of $0.205 per share, representing a 1.0% annualized yield.

WINTON GROUP Ltd trimmed its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 61.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,298 shares of the semiconductor company's stock after selling 14,714 shares during the quarter. WINTON GROUP Ltd's holdings in Kulicke and Soffa Industries were worth $1,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of Kulicke and Soffa Industries in the 1st quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Kulicke and Soffa Industries in the second quarter worth $28,000. Advisory Services Network LLC bought a new position in Kulicke and Soffa Industries in the third quarter worth $29,000. Meeder Asset Management Inc. purchased a new position in Kulicke and Soffa Industries during the fourth quarter valued at $30,000. Finally, EverSource Wealth Advisors LLC lifted its position in 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 valued at $33,000 after buying an additional 933 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented 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 company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. Finally, Zacks Research raised 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 issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $69.67.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, CEO Lester Wong sold 60,000 shares of the company'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 transaction, the chief executive officer owned 50,743 shares in the company, valued at approximately $6,175,930.53. This represents a 54.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Kulicke and Soffa Industries Stock Performance

KLIC stock opened at $86.13 on Monday. The stock's 50 day simple moving average is $93.16 and its 200 day simple moving average is $91.20. Kulicke and Soffa Industries, Inc. has a 12-month low of $35.02 and a 12-month high of $135.80. The stock has a market capitalization of $4.51 billion, a PE ratio of 39.69 and a beta of 1.62.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its 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 analyst estimates of $308.50 million. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The company's quarterly revenue was up 122.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.82 dividend on an annualized basis and a yield of 1.0%. Kulicke and Soffa Industries's payout ratio is 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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