Engineers Gate Manager LP Reduces Stock Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Engineers Gate Manager LP lessened its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 52.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,985 shares of the semiconductor company’s stock after selling 16,441 shares during the quarter. Engineers Gate Manager LP’s holdings in Kulicke and Soffa Industries were worth $2,004,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 buying an additional 98 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in 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 acquiring an additional 172 shares during the last quarter. Allworth Financial LP lifted its position in Kulicke and Soffa Industries by 23.6% in the second quarter. Allworth Financial LP now owns 965 shares of the semiconductor company’s stock valued at $129,000 after acquiring an additional 184 shares during the last quarter. ProShare Advisors LLC boosted its stake in Kulicke and Soffa Industries by 2.0% in the fourth quarter. ProShare Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 198 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Kulicke and Soffa Industries in the second quarter valued at $28,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Activity

In related news, CEO Lester Wong sold 60,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 50,743 shares in the company, valued at $6,175,930.53. The trade was a 54.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC lifted their target price on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.67.

Kulicke and Soffa Industries Price Performance

KLIC stock opened at $78.79 on Wednesday. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 36.31 and a beta of 1.62. The company has a fifty day moving average price of $91.81 and a 200 day moving average price of $91.30. 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 quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. The company had revenue of $330.41 million for the quarter, compared to the consensus estimate of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. Kulicke and Soffa Industries’s revenue for the quarter was up 122.6% on a year-over-year basis. During the same period last 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, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 17th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.0%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 37.79%.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Ltd. develops and manufactures equipment and tools used in semiconductor and electronic assembly. Its solutions support the packaging, interconnection and assembly of integrated circuits, light-emitting diodes and other electronic components.

The company’s product portfolio includes wire bonding systems, wedge bonders, die attach equipment, advanced packaging systems and related consumables. Its technologies are used in applications such as automotive electronics, consumer electronics, communications, computing, power semiconductors and optoelectronics.