Wasatch Advisors LP Sells 142,898 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Wasatch Advisors LP lowered its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 76.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,551 shares of the semiconductor company’s stock after selling 142,898 shares during the period. Wasatch Advisors LP owned about 0.09% of Kulicke and Soffa Industries worth $5,959,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KLIC. Summit Securities Group LLC purchased a new position in shares of Kulicke and Soffa Industries in the first quarter valued at about $26,000. Advisory Services Network LLC purchased a new stake in shares of Kulicke and Soffa Industries during the third quarter worth about $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Kulicke and Soffa Industries by 2,665.7% in the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 933 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in Kulicke and Soffa Industries by 48.4% during the 4th quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 254 shares during the period. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Trading Up 4.5%

Shares of KLIC opened at $95.15 on Thursday. The firm’s 50-day moving average price is $107.59 and its 200-day moving average price is $88.13. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 43.85 and a beta of 1.67. Kulicke and Soffa Industries, Inc. has a 1-year low of $35.02 and a 1-year high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) 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 the consensus estimate of $308.50 million. During the same period in the prior year, the firm earned $0.07 earnings per share. Kulicke and Soffa Industries’s revenue 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. On average, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.14 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 37.79%.

Wall Street Analyst Weigh In

A number of research firms have commented on KLIC. Needham & Company LLC upped their price target 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 reissued a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. Finally, Zacks Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.67.

Insider Transactions at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 15,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $113.72, for a total value of $1,705,800.00. Following the sale, the senior vice president directly owned 71,369 shares of the company’s stock, valued at $8,116,082.68. This represents a 17.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lester A. Wong sold 60,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total value of $7,302,600.00. Following the completion of the sale, the chief executive officer directly owned 50,743 shares in the company, valued at approximately $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 96,551 shares of company stock valued at $11,179,010. Company insiders own 1.20% of the company’s stock.

Kulicke and Soffa Industries 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.