Man Group plc Invests $1.02 Million in Kulicke and Soffa Industries, Inc. $KLIC

Man Group plc bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the second quarter, Holdings Channel.com reports. The fund bought 7,597 shares of the semiconductor company’s stock, valued at approximately $1,016,000.

Other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Kulicke and Soffa Industries in the 1st quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Kulicke and Soffa Industries during the second quarter valued at about $28,000. Advisory Services Network LLC bought a new stake in shares of Kulicke and Soffa Industries in the third quarter valued at about $29,000. Meeder Asset Management Inc. acquired a new stake in Kulicke and Soffa Industries during the fourth quarter worth about $30,000. Finally, EverSource Wealth Advisors LLC grew its position in Kulicke and Soffa Industries by 2,665.7% during the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after buying an additional 933 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KLIC has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Zacks Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Needham & Company LLC boosted their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.67.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $78.82 on Friday. The firm has a market cap of $4.12 billion, a P/E ratio of 36.32 and a beta of 1.62. The firm’s 50-day simple moving average is $98.47 and its 200-day simple moving average is $90.65. Kulicke and Soffa Industries, Inc. has a twelve month low of $35.02 and a twelve month high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.14. The firm had revenue of $330.41 million during 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 company’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 17th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, September 17th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 37.79%.

Insider Buying and Selling

In related news, SVP Nelson Wong sold 15,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $113.72, for a total value of $1,705,800.00. Following the sale, the senior vice president owned 71,369 shares of the company’s stock, valued at $8,116,082.68. The trade was a 17.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lester Wong sold 60,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $121.71, for a total value of $7,302,600.00. Following the completion of the sale, the chief executive officer owned 50,743 shares in the company, valued at $6,175,930.53. This trade represents a 54.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 76,551 shares of company stock worth $9,179,010 in the last 90 days. 1.20% of the stock is owned by company insiders.

Kulicke and Soffa Industries 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.