86,950 Shares in Kulicke and Soffa Industries, Inc. $KLIC Bought by Castleark Management LLC

Castleark Management LLC purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 86,950 shares of the semiconductor company’s stock, valued at approximately $11,630,000. Castleark Management LLC owned 0.17% of Kulicke and Soffa Industries as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of Kulicke and Soffa Industries during the 1st quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Kulicke and Soffa Industries in the 2nd quarter worth approximately $28,000. Advisory Services Network LLC purchased a new stake in Kulicke and Soffa Industries in the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. bought a new stake in Kulicke and Soffa Industries during the 4th quarter worth approximately $30,000. Finally, EverSource Wealth Advisors LLC raised its stake in Kulicke and Soffa Industries by 2,665.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 933 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Needham & Company LLC raised their price objective on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently 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 $84.53 on Wednesday. Kulicke and Soffa Industries, Inc. has a 1-year low of $35.02 and a 1-year high of $135.80. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 38.95 and a beta of 1.67. The business has a 50 day simple moving average of $104.46 and a two-hundred day simple moving average of $90.21.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The firm had revenue of $330.41 million for the quarter, compared to analysts’ expectations of $308.50 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 122.6% compared to the same quarter last year. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. Sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current fiscal year.

Insider Activity at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong sold 1,551 shares of Kulicke and Soffa Industries stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $110.00, for a total value of $170,610.00. Following the sale, the director directly owned 100,009 shares in the company, valued at approximately $11,000,990. The trade was a 1.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lester A. Wong sold 60,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total transaction of $7,302,600.00. Following the completion of the sale, the chief executive officer owned 50,743 shares in the company, valued at approximately $6,175,930.53. The trade was a 54.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 76,551 shares of company stock valued at $9,179,010. Corporate insiders own 1.20% 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.