Kulicke and Soffa Industries (NASDAQ:KLIC) Director Peter Kong Sells 1,551 Shares of Stock

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Director Peter Kong sold 1,551 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $110.00, for a total transaction of $170,610.00. Following the completion of the sale, the director directly owned 100,009 shares of the company’s stock, valued at approximately $11,000,990. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Kulicke and Soffa Industries Trading Up 1.2%

NASDAQ:KLIC opened at $113.13 on Friday. The company has a 50-day moving average price of $92.74 and a 200-day moving average price of $70.30. Kulicke and Soffa Industries, Inc. has a 12 month low of $31.32 and a 12 month high of $115.27. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 108.78 and a beta of 1.70.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. Kulicke and Soffa Industries had a net margin of 7.16% and a return on equity of 7.29%. The firm had revenue of $242.62 million during the quarter, compared to analysts’ expectations of $228.75 million. During the same period last year, the company posted ($0.52) EPS. The company’s quarterly 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. Equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 2.85 EPS 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, July 8th. Stockholders of record on Thursday, June 18th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 78.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Needham & Company LLC increased their price target on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.25.

Hedge Funds Weigh In On Kulicke and Soffa Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Summit Securities Group LLC bought a new position in shares of Kulicke and Soffa Industries during the first quarter valued at approximately $26,000. Advisory Services Network LLC bought a new position in shares of Kulicke and Soffa Industries during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. bought a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $30,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Kulicke and Soffa Industries during the third quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC increased 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 valued at $33,000 after purchasing an additional 933 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

About Kulicke and Soffa Industries

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.