Copeland Capital Management LLC lessened its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 22.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,151,020 shares of the semiconductor company’s stock after selling 326,345 shares during the quarter. Kulicke and Soffa Industries accounts for approximately 1.7% of Copeland Capital Management LLC’s portfolio, making the stock its 11th largest holding. Copeland Capital Management LLC owned about 2.20% of Kulicke and Soffa Industries worth $75,645,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in shares of Kulicke and Soffa Industries during the 1st quarter valued at about $26,000. Advisory Services Network LLC bought a new position in Kulicke and Soffa Industries during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. bought a new position in Kulicke and Soffa Industries during the fourth quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 933 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Kulicke and Soffa Industries by 48.4% in the 4th quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 254 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Needham & Company LLC increased their target price 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 upgraded shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Zacks Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.25.
Insider Buying and Selling
In other Kulicke and Soffa Industries news, General Counsel Zi Yao Lim sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $102.98, for a total value of $154,470.00. Following the completion of the sale, the general counsel directly owned 21,214 shares in the company, valued at $2,184,617.72. This trade represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lester A. Wong sold 60,000 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total value of $7,302,600.00. Following the completion of the transaction, the chief executive officer owned 50,743 shares of the company’s stock, valued at approximately $6,175,930.53. This trade represents a 54.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 98,051 shares of company stock valued at $11,333,480 over the last quarter. 1.20% of the stock is currently owned by insiders.
Kulicke and Soffa Industries Stock Performance
NASDAQ KLIC opened at $97.22 on Friday. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $31.32 and a fifty-two week high of $135.80. The stock has a 50 day simple moving average of $110.75 and a two-hundred day simple moving average of $82.73. The stock has a market cap of $5.09 billion, a P/E ratio of 93.48 and a beta of 1.62.
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. Kulicke and Soffa Industries had a return on equity of 7.29% and a net margin of 7.16%.The firm had revenue of $242.62 million for the quarter, compared to analysts’ expectations of $228.75 million. During the same period in the previous year, the firm earned ($0.52) earnings per share. The business’s revenue was up 49.8% compared to the same quarter last year. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. Sell-side analysts predict that Kulicke and Soffa Industries, Inc. will post 2.85 earnings per share for the current year.
Kulicke and Soffa Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Thursday, June 18th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 0.8%. Kulicke and Soffa Industries’s payout ratio is currently 78.85%.
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.
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