Tocqueville Asset Management L.P. Makes New Investment in Kulicke and Soffa Industries, Inc. $KLIC

Tocqueville Asset Management L.P. purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 30,151 shares of the semiconductor company’s stock, valued at approximately $4,033,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First National Bank of Omaha acquired a new stake in shares of Kulicke and Soffa Industries in the second quarter worth $2,814,000. Citizens Financial Group Inc. RI bought a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter worth $256,000. Auxano Advisors LLC acquired a new position in Kulicke and Soffa Industries in the 2nd quarter valued at $629,000. BlackRock Inc. acquired a new position in Kulicke and Soffa Industries in the 2nd quarter valued at $1,204,835,000. Finally, Pallas Capital Advisors LLC bought a new position in Kulicke and Soffa Industries in the 2nd quarter worth $925,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Activity

In related news, Director Peter T. M. Kong sold 1,551 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $110.00, for a total value of $170,610.00. Following the completion of the sale, the director owned 100,009 shares in the company, valued at approximately $11,000,990. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nelson Munpun Wong sold 15,000 shares of Kulicke and Soffa Industries stock in a transaction dated 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 directly owned 71,369 shares in the company, valued at approximately $8,116,082.68. This trade represents a 17.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 76,551 shares of company stock valued at $9,179,010. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KLIC. Zacks Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Needham & Company LLC raised their price target 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.67.

Kulicke and Soffa Industries Trading Down 1.3%

Shares of Kulicke and Soffa Industries stock opened at $85.13 on Friday. Kulicke and Soffa Industries, Inc. has a 1 year low of $35.02 and a 1 year high of $135.80. The company’s fifty day simple moving average is $106.30 and its 200-day simple moving average is $89.63. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 39.23 and a beta of 1.67.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its 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 net margin of 12.18% and a return on equity of 14.39%. The firm had revenue of $330.41 million during the quarter, compared to analysts’ expectations of $308.50 million. During the same period in the prior year, the company earned $0.07 EPS. The business’s quarterly revenue 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, research 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 disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.0%. Kulicke and Soffa Industries’s dividend payout ratio is currently 37.79%.

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.