9,007,442 Shares in Kulicke and Soffa Industries, Inc. $KLIC Purchased by BlackRock Inc.

BlackRock Inc. purchased a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,007,442 shares of the semiconductor company’s stock, valued at approximately $1,204,835,000. BlackRock Inc. owned approximately 0.17% of Kulicke and Soffa Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in Kulicke and Soffa Industries by 12.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 877 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 98 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Kulicke and Soffa Industries by 3.4% during the fourth quarter. CIBC Asset Management Inc now owns 5,231 shares of the semiconductor company’s stock worth $238,000 after buying an additional 171 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Kulicke and Soffa Industries by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,556 shares of the semiconductor company’s stock valued at $344,000 after buying an additional 172 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Kulicke and Soffa Industries by 2.0% during the fourth quarter. ProShare Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $452,000 after buying an additional 198 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Kulicke and Soffa Industries by 3.0% during the fourth quarter. HighTower Advisors LLC now owns 6,929 shares of the semiconductor company’s stock valued at $316,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Activity at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $113.72, for a total transaction of $1,705,800.00. Following the completion of the transaction, the senior vice president owned 71,369 shares in the company, valued at $8,116,082.68. The trade was a 17.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lester A. Wong sold 60,000 shares of the 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 $6,175,930.53. This represents a 54.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 76,551 shares of company stock valued at $9,179,010 in the last quarter. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on KLIC. Zacks Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Needham & Company LLC increased their price target 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of “Moderate Buy” and a consensus price target of $69.67.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $85.75 on Friday. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 39.52 and a beta of 1.67. Kulicke and Soffa Industries, Inc. has a 12 month low of $35.02 and a 12 month high of $135.80. The company’s fifty day moving average price is $105.75 and its two-hundred day moving average price is $89.60.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted 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. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The business had revenue of $330.41 million for the quarter, compared to analyst estimates of $308.50 million. During the same period in the prior year, the company posted $0.07 EPS. The business’s revenue was up 122.6% compared to the same quarter last year. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) 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.