Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Rating Upgraded by Zacks Research

Kulicke and Soffa Industries (NASDAQ:KLIC) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Weiss Ratings raised Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Needham & Company LLC upped their price target on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.25.

Kulicke and Soffa Industries Stock Down 6.0%

Kulicke and Soffa Industries stock opened at $98.00 on Monday. The company’s 50-day moving average price is $74.95 and its two-hundred day moving average price is $59.93. The stock has a market cap of $5.13 billion, a P/E ratio of 94.23 and a beta of 1.66. Kulicke and Soffa Industries has a twelve month low of $31.21 and a twelve month high of $107.01.

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

Insider Activity

In other news, Director Mui Sung Yeo sold 19,143 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $71.98, for a total transaction of $1,377,913.14. Following the sale, the director directly owned 78,522 shares of the company’s stock, valued at approximately $5,652,013.56. This represents a 19.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Jeffrey Richardson sold 9,364 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $72.19, for a total value of $675,987.16. Following the completion of the transaction, the director directly owned 17,694 shares of the company’s stock, valued at approximately $1,277,329.86. This trade represents a 34.61% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 30,007 shares of company stock worth $2,208,370. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter worth approximately $1,250,000. Public Sector Pension Investment Board raised its position in Kulicke and Soffa Industries by 13.1% during the third quarter. Public Sector Pension Investment Board now owns 203,406 shares of the semiconductor company’s stock valued at $8,266,000 after purchasing an additional 23,482 shares in the last quarter. Summit Global Investments acquired a new position in Kulicke and Soffa Industries during the third quarter valued at approximately $1,346,000. Fort Washington Investment Advisors Inc. OH lifted its stake in Kulicke and Soffa Industries by 40.7% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 607,136 shares of the semiconductor company’s stock worth $27,661,000 after purchasing an additional 175,744 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co acquired a new stake in shares of Kulicke and Soffa Industries in the 3rd quarter valued at $883,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

About Kulicke and Soffa Industries

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.