Needham & Company LLC Boosts Kulicke and Soffa Industries (NASDAQ:KLIC) Price Target to $105.00

Key Points

• Needham & Company raised its price target on Kulicke & Soffa to $105 (from $70) and maintained a "buy" rating, implying about a 6.98% upside from the stock's mid-day price.
• KLIC topped estimates for the quarter with $0.79 EPS vs. $0.67 expected and revenue of $242.6M (up 49.8% year-over-year), indicating stronger-than-expected demand.
• Insiders have sold shares recently (36,605 shares worth about $2.65M in the last 90 days) even as institutional ownership remains very high at 98.22%, with several large funds materially adjusting positions.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) had its price target raised by research analysts at Needham & Company LLC from $70.00 to $105.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's target price suggests a potential upside of 6.98% from the stock's current price.

Several other research analysts have also recently weighed in on the company. Zacks Research cut Kulicke and Soffa Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Weiss Ratings cut Kulicke and Soffa Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded Kulicke and Soffa Industries from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 7th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $59.25.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC stock traded up $4.37 during mid-day trading on Thursday, hitting $98.15. The company's stock had a trading volume of 2,683,825 shares, compared to its average volume of 735,497. Kulicke and Soffa Industries has a 52-week low of $30.97 and a 52-week high of $107.01. The business has a 50-day moving average price of $72.57 and a 200 day moving average price of $58.20. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of -81.12 and a beta of 1.66.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. Kulicke and Soffa Industries had a negative return on equity of 1.13% and a negative net margin of 9.40%.The firm had revenue of $242.62 million during the quarter, compared to analysts' expectations of $228.75 million. During the same quarter in the previous year, the business earned ($0.52) earnings per share. The company's revenue was up 49.8% on a year-over-year basis. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. Equities research analysts predict that Kulicke and Soffa Industries will post 2.22 EPS for the current fiscal year.

Insider Transactions at Kulicke and Soffa Industries

In related news, Director Mui Sung Yeo sold 19,143 shares of Kulicke and Soffa Industries stock in a transaction on Friday, February 13th. The stock was sold at an average price of $71.98, for a total value of $1,377,913.14. Following the completion of the sale, the director owned 78,522 shares of the company's stock, valued at $5,652,013.56. The trade was a 19.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock in a transaction on Monday, February 9th. The stock was sold at an average price of $71.54, for a total value of $71,540.00. Following the completion of the sale, the general counsel directly owned 22,714 shares of the company's stock, valued at $1,624,959.56. The trade was a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 36,605 shares of company stock worth $2,645,582. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Kulicke and Soffa Industries

Several large investors have recently modified their holdings of the company. Swiss National Bank grew its holdings in shares of Kulicke and Soffa Industries by 0.8% in the first quarter. Swiss National Bank now owns 103,600 shares of the semiconductor company's stock worth $6,809,000 after acquiring an additional 800 shares during the period. Assetmark Inc. grew its holdings in Kulicke and Soffa Industries by 9.1% during the first quarter. Assetmark Inc. now owns 32,606 shares of the semiconductor company's stock valued at $2,143,000 after purchasing an additional 2,717 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new stake in Kulicke and Soffa Industries during the first quarter valued at about $1,257,000. Bank of New York Mellon Corp grew its holdings in Kulicke and Soffa Industries by 125.0% during 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 during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in Kulicke and Soffa Industries by 10.1% during the first quarter. Illinois Municipal Retirement Fund now owns 28,177 shares of the semiconductor company's stock valued at $1,852,000 after purchasing an additional 2,595 shares during the period. Institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Company 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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