Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) SVP Nelson Munpun Wong sold 15,000 shares of the firm's stock in a transaction that occurred 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. This represents a 17.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Kulicke and Soffa Industries Price Performance
KLIC stock opened at $115.43 on Tuesday. The company has a 50 day moving average price of $93.77 and a 200 day moving average price of $71.01. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $31.32 and a fifty-two week high of $117.96. The stock has a market capitalization of $6.04 billion, a PE ratio of 110.99 and a beta of 1.69.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. The firm had revenue of $242.62 million for the quarter, compared to analyst estimates of $228.75 million. Kulicke and Soffa Industries had a return on equity of 7.29% and a net margin of 7.16%.The business's quarterly revenue was up 49.8% compared to the same quarter last year. During the same period last year, the company earned ($0.52) EPS. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. As a group, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 2.85 earnings per share for the current fiscal year.
Kulicke and Soffa Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 18th. Kulicke and Soffa Industries's payout ratio is currently 78.85%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of KLIC. 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 valued at $160,053,000 after buying an additional 20,535 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of 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 worth $81,241,000 after acquiring an additional 409,116 shares in the last quarter. Morgan Stanley increased its position in shares of Kulicke and Soffa Industries by 6.7% during the fourth quarter. Morgan Stanley now owns 1,230,330 shares of the semiconductor company's stock worth $56,054,000 after acquiring an additional 77,527 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of 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 worth $60,917,000 after acquiring 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 fourth quarter. Jacobs Levy Equity Management Inc. now owns 813,669 shares of the semiconductor company's stock worth $37,071,000 after acquiring an additional 148,374 shares in the last quarter. Institutional investors own 98.22% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Needham & Company LLC raised their target price on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Kulicke and Soffa Industries from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, May 11th. Finally, Zacks Research raised shares of Kulicke and Soffa Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $59.25.
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Kulicke and Soffa Industries Company Profile
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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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