Royal Bank of Canada Sells 39,162 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Royal Bank of Canada lowered its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 38.8% during the first quarter, Holdings Channel reports. The firm owned 61,888 shares of the semiconductor company’s stock after selling 39,162 shares during the period. Royal Bank of Canada’s holdings in Kulicke and Soffa Industries were worth $4,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KLIC. Invesco Ltd. lifted its position in Kulicke and Soffa Industries by 347.9% during the fourth quarter. Invesco Ltd. now owns 767,001 shares of the semiconductor company’s stock worth $34,945,000 after purchasing an additional 595,753 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Kulicke and Soffa Industries by 541.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 665,295 shares of the semiconductor company’s stock valued at $27,038,000 after buying an additional 561,571 shares during the period. Bank of New York Mellon Corp increased its holdings in Kulicke and Soffa Industries by 125.0% in the 1st quarter. Bank of New York Mellon Corp now owns 926,915 shares of the semiconductor company’s stock valued at $60,917,000 after buying an additional 514,983 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Kulicke and Soffa Industries by 21.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock valued at $81,241,000 after buying an additional 409,116 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Kulicke and Soffa Industries by 549.8% in the 2nd quarter. AQR Capital Management LLC now owns 321,313 shares of the semiconductor company’s stock valued at $11,117,000 after buying an additional 271,868 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, CEO Lester A. Wong sold 60,000 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $121.71, for a total value of $7,302,600.00. Following the sale, the chief executive officer owned 50,743 shares of the company’s stock, valued at $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mui Sung Yeo sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the director directly owned 59,197 shares in the company, valued at approximately $5,919,700. This represents a 25.25% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 96,551 shares of company stock valued at $11,179,010. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KLIC. Needham & Company LLC upped their target price on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research note 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 Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.67.

Kulicke and Soffa Industries Trading Up 3.4%

KLIC stock opened at $99.09 on Friday. The firm has a 50-day moving average price of $107.37 and a 200-day moving average price of $88.48. 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 $5.19 billion, a P/E ratio of 45.66 and a beta of 1.67.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $330.41 million for the quarter, compared to analyst estimates of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The firm’s revenue was up 122.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, equities analysts predict that Kulicke and Soffa Industries, Inc. will post 3.14 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Thursday, June 18th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio is 37.79%.

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.