Wellington Management Group LLP Purchases New Shares in Kulicke and Soffa Industries, Inc. $KLIC

Wellington Management Group LLP purchased a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the second quarter, HoldingsChannel.com reports. The firm purchased 195,024 shares of the semiconductor company’s stock, valued at approximately $26,086,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KLIC. Kingsview Wealth Management LLC acquired a new position in Kulicke and Soffa Industries in the second quarter valued at $6,923,000. Empowered Funds LLC purchased a new stake in shares of Kulicke and Soffa Industries in the second quarter valued at about $1,003,000. Grandeur Peak Global Advisors LLC acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth about $4,839,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth about $165,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Kulicke and Soffa Industries during the second quarter worth about $261,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Up 3.5%

Shares of NASDAQ:KLIC opened at $81.61 on Friday. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 37.61 and a beta of 1.62. The firm’s 50-day simple moving average is $97.59 and its 200-day simple moving average is $90.59. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $35.02 and a fifty-two week high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $330.41 million for the quarter, compared to analyst estimates of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The business’s revenue was up 122.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on KLIC shares. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. Finally, Needham & Company LLC boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

Insider Transactions at Kulicke and Soffa Industries

In other news, Director Peter T. M. Kong sold 1,551 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $110.00, for a total value of $170,610.00. Following the completion of the sale, the director directly owned 100,009 shares of the company’s stock, valued at $11,000,990. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lester Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 50,743 shares in the company, valued at approximately $6,175,930.53. This trade represents a 54.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 76,551 shares of company stock valued at $9,179,010. Corporate insiders own 1.20% 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.