7,502 Shares in Kulicke and Soffa Industries, Inc. $KLIC Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,502 shares of the semiconductor company’s stock, valued at approximately $1,003,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Kulicke and Soffa Industries during the second quarter worth $1,204,835,000. The Manufacturers Life Insurance Company bought a new stake in Kulicke and Soffa Industries in the 2nd quarter valued at about $153,050,000. Bank of New York Mellon Corp acquired a new stake in Kulicke and Soffa Industries in the 2nd quarter valued at $98,778,000. Invesco Ltd. boosted its stake in Kulicke and Soffa Industries by 347.9% during the 4th quarter. Invesco Ltd. now owns 767,001 shares of the semiconductor company’s stock valued at $34,945,000 after purchasing an additional 595,753 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Kulicke and Soffa Industries by 541.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 665,295 shares of the semiconductor company’s stock worth $27,038,000 after purchasing an additional 561,571 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Needham & Company LLC boosted their price target on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $69.67.

Insiders Place Their Bets

In other news, CEO Lester Wong sold 60,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 50,743 shares of the company’s stock, valued at approximately $6,175,930.53. This represents a 54.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter T. M. Kong sold 1,551 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $110.00, for a total value of $170,610.00. Following the completion of the transaction, the director owned 100,009 shares of the company’s stock, valued at approximately $11,000,990. The trade was a 1.53% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 76,551 shares of company stock worth $9,179,010. Company insiders own 1.20% of the company’s stock.

Kulicke and Soffa Industries Trading Up 3.5%

Shares of NASDAQ:KLIC opened at $81.61 on Friday. The stock has a market capitalization of $4.27 billion, a P/E ratio of 37.61 and a beta of 1.62. The stock’s 50-day moving average price is $97.59 and its 200-day moving average price is $90.59. Kulicke and Soffa Industries, Inc. has a 12-month low of $35.02 and a 12-month high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $308.50 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts predict that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 17th. Kulicke and Soffa Industries’s payout ratio is presently 37.79%.

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.