Kulicke and Soffa Industries (NASDAQ:KLIC) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on KLIC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Needham & Company LLC raised 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.67.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $95.15 on Tuesday. Kulicke and Soffa Industries has a 1 year low of $35.02 and a 1 year high of $135.80. The firm has a market cap of $4.98 billion, a PE ratio of 43.85 and a beta of 1.67. The company has a 50 day simple moving average of $107.59 and a two-hundred day simple moving average of $88.13.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $330.41 million for the quarter, compared to analyst estimates of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The business’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, research analysts anticipate that Kulicke and Soffa Industries will post 3.14 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Thursday, June 18th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.82 annualized dividend and a yield of 0.9%. Kulicke and Soffa Industries’s dividend payout ratio is 37.79%.

Insiders Place Their Bets

In other news, Director Peter T. M. Kong sold 1,551 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $110.00, for a total transaction of $170,610.00. Following the sale, the director owned 100,009 shares of the company’s stock, valued at $11,000,990. This trade represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lester A. Wong sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $121.71, for a total transaction of $7,302,600.00. Following the transaction, the chief executive officer directly owned 50,743 shares of the company’s stock, valued at $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 96,551 shares of company stock worth $11,179,010 over the last three months. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Kulicke and Soffa Industries

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $1,204,835,000. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 20,535 shares during the period. The Manufacturers Life Insurance Company raised its holdings 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 purchasing an additional 409,116 shares during the period. Morgan Stanley grew its holdings in Kulicke and Soffa Industries by 6.7% during 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 during the period. Finally, Bank of New York Mellon Corp raised its stake 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 worth $60,917,000 after buying an additional 514,983 shares during the period. Institutional investors 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.