The Manufacturers Life Insurance Company Reduces Holdings in Kulicke and Soffa Industries, Inc. $KLIC

The Manufacturers Life Insurance Company reduced its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 27.3% during the first quarter, HoldingsChannel reports. The firm owned 1,559,155 shares of the semiconductor company’s stock after selling 585,663 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Kulicke and Soffa Industries were worth $102,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KLIC. Royal Bank of Canada grew its holdings in Kulicke and Soffa Industries by 10.0% during the 1st quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company’s stock valued at $2,118,000 after purchasing an additional 5,836 shares in the last quarter. AQR Capital Management LLC increased its stake in Kulicke and Soffa Industries by 168.8% during the 1st quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 31,048 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kulicke and Soffa Industries by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 877 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kulicke and Soffa Industries by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company’s stock worth $5,140,000 after buying an additional 11,522 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Kulicke and Soffa Industries by 55.7% in the 1st quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company’s stock valued at $2,206,000 after buying an additional 23,923 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Price Performance

KLIC opened at $90.93 on Wednesday. The stock has a market capitalization of $4.76 billion, a PE ratio of 87.43 and a beta of 1.62. The firm’s fifty day moving average price is $110.78 and its 200 day moving average price is $85.56. Kulicke and Soffa Industries, Inc. has a 12-month low of $31.32 and a 12-month high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $242.62 million during the quarter, compared to analyst estimates of $228.75 million. Kulicke and Soffa Industries had a net margin of 7.16% and a return on equity of 7.29%. The firm’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same period last year, the business earned ($0.52) EPS. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. On average, equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post 2.85 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Thursday, June 18th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.82 dividend on an annualized basis and a yield of 0.9%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 78.85%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KLIC. Weiss Ratings upgraded Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Needham & Company LLC boosted their price target on 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, 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 assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $59.25.

Insiders Place Their Bets

In other news, CEO Lester A. Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred 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 sale, the chief executive officer owned 50,743 shares of the company’s stock, valued at approximately $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mui Sung Yeo sold 20,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $100.00, for a total value of $2,000,000.00. Following the sale, the director directly owned 59,197 shares in the company, valued at approximately $5,919,700. This trade represents a 25.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 98,051 shares of company stock worth $11,333,480. 1.20% of the stock is currently owned by 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.