Kulicke and Soffa Industries (NASDAQ:KLIC) Shares Gap Down – Here’s What Happened

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) gapped down before the market opened on Tuesday . The stock had previously closed at $119.61, but opened at $111.69. Kulicke and Soffa Industries shares last traded at $108.2480, with a volume of 135,824 shares traded.

Analysts Set New Price Targets

KLIC has been the subject of a number of research analyst reports. Needham & Company LLC increased 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 report on Thursday, May 7th. Weiss Ratings raised shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.25.

Kulicke and Soffa Industries Stock Down 1.5%

The firm has a fifty day moving average of $108.62 and a 200-day moving average of $80.02. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 100.22 and a beta of 1.62.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The business 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 for the quarter was up 49.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.52) earnings per share. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. As a group, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 2.85 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.205 per share. 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 (DPR) is 78.85%.

Insider Activity at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, Director Mui Sung Yeo sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $100.00, for a total value of $2,000,000.00. Following the sale, the director owned 59,197 shares of the company’s stock, valued at $5,919,700. This represents a 25.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Zi Yao Lim sold 1,500 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $102.98, for a total transaction of $154,470.00. Following the completion of the sale, the general counsel owned 21,214 shares in the company, valued at $2,184,617.72. This represents a 6.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 98,051 shares of company stock valued at $11,333,480 in the last quarter. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Kulicke and Soffa Industries by 347.9% during the 4th 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 last quarter. Jacobs Levy Equity Management Inc. boosted its position in Kulicke and Soffa Industries by 541.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 665,295 shares of the semiconductor company’s stock worth $27,038,000 after acquiring an additional 561,571 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Kulicke and Soffa Industries by 125.0% during the first quarter. Bank of New York Mellon Corp now owns 926,915 shares of the semiconductor company’s stock worth $60,917,000 after acquiring an additional 514,983 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake 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 worth $81,241,000 after acquiring an additional 409,116 shares during the period. Finally, AQR Capital Management LLC raised its holdings in 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 acquiring an additional 271,868 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

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.