Insider Selling: Kulicke and Soffa Industries (NASDAQ:KLIC) General Counsel Sells 1,500 Shares of Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) General Counsel Zi Yao Lim sold 1,500 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $102.98, for a total value of $154,470.00. Following the completion of the sale, the general counsel directly owned 21,214 shares of the company’s stock, valued at $2,184,617.72. The trade was a 6.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kulicke and Soffa Industries Stock Down 6.0%

Shares of NASDAQ KLIC traded down $6.28 on Tuesday, hitting $98.00. The company had a trading volume of 970,039 shares, compared to its average volume of 805,254. Kulicke and Soffa Industries, Inc. has a 12-month low of $31.21 and a 12-month high of $107.01. The business has a 50 day moving average of $74.95 and a two-hundred day moving average of $59.93. The firm has a market capitalization of $5.13 billion, a P/E ratio of 94.23 and a beta of 1.66.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. Kulicke and Soffa Industries had a return on equity of 7.29% and a net margin of 7.16%.The company had revenue of $242.62 million during the quarter, compared to the consensus estimate of $228.75 million. During the same quarter in the prior year, the business earned ($0.52) earnings per share. The company’s revenue was up 49.8% compared to the same quarter last year. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. On average, sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 2.61 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Thursday, March 19th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.82 annualized dividend and a dividend yield of 0.8%. Kulicke and Soffa Industries’s dividend payout ratio is presently 78.85%.

Hedge Funds Weigh In On Kulicke and Soffa Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KLIC. Vanguard Group Inc. boosted its stake in Kulicke and Soffa Industries by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,513,023 shares of the semiconductor company’s stock valued at $160,053,000 after purchasing an additional 20,535 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Kulicke and Soffa Industries by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock worth $81,241,000 after acquiring an additional 409,116 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Kulicke and Soffa Industries by 6.7% in the fourth quarter. Morgan Stanley now owns 1,230,330 shares of the semiconductor company’s stock valued at $56,054,000 after purchasing an additional 77,527 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kulicke and Soffa Industries by 125.0% in the first quarter. Bank of New York Mellon Corp now owns 926,915 shares of the semiconductor company’s stock valued at $60,917,000 after purchasing an additional 514,983 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Kulicke and Soffa Industries by 22.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 813,669 shares of the semiconductor company’s stock worth $37,071,000 after acquiring an additional 148,374 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KLIC has been the subject of a number of analyst reports. Wall Street Zen raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Weiss Ratings raised Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday. Needham & Company LLC increased their price target on Kulicke and Soffa Industries from $70.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Zacks Research downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.25.

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.