Man Group plc Acquires New Position in Kulicke and Soffa Industries, Inc. $KLIC

Man Group plc acquired a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,597 shares of the semiconductor company’s stock, valued at approximately $1,016,000.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Kulicke and Soffa Industries in the second quarter worth $28,000. Kilter Group LLC purchased a new position in Kulicke and Soffa Industries in the second quarter valued at about $42,000. Summit Securities Group LLC acquired a new position in Kulicke and Soffa Industries in the 1st quarter worth about $26,000. Meeder Asset Management Inc. acquired a new position in Kulicke and Soffa Industries in the 4th quarter worth about $30,000. Finally, USA Financial Formulas purchased a new stake in shares of Kulicke and Soffa Industries during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KLIC shares. Needham & Company LLC lifted their price target on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.67.

Kulicke and Soffa Industries Stock Performance

KLIC 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 business has a 50 day moving average price of $98.47 and a 200 day moving average price of $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 announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The company had revenue of $330.41 million for the quarter, compared to the consensus estimate of $308.50 million. During the same quarter last year, the company 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. As a group, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Lester Wong sold 60,000 shares of Kulicke and Soffa Industries 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $1,705,800.00. Following the transaction, the senior vice president directly owned 71,369 shares of the company’s stock, valued at approximately $8,116,082.68. This represents a 17.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 76,551 shares of company stock worth $9,179,010 in the last quarter. 1.20% of the stock is currently owned by company insiders.

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.