Kulicke and Soffa Industries (NASDAQ:KLIC) Hits New 52-Week High – Still a Buy?

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) reached a new 52-week high on Tuesday . The company traded as high as $127.23 and last traded at $127.2490, with a volume of 807400 shares. The stock had previously closed at $124.22.

Wall Street Analysts Forecast Growth

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

Kulicke and Soffa Industries Trading Down 3.2%

The business’s fifty day moving average price is $100.75 and its 200 day moving average price is $74.76. The company has a market capitalization of $6.44 billion, a P/E ratio of 118.28 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $242.62 million for the quarter, compared to analysts’ expectations of $228.75 million. The firm’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.52) earnings per share. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. Equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 2.85 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio is currently 78.85%.

Insiders Place Their Bets

In other news, CEO Lester A. Wong sold 60,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total value of $7,302,600.00. Following the completion of the transaction, the chief executive officer directly owned 50,743 shares of the company’s stock, valued at approximately $6,175,930.53. This represents a 54.18% decrease in their position. The sale 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 the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total value of $2,000,000.00. Following the transaction, the director owned 59,197 shares of the company’s stock, valued at $5,919,700. This trade represents a 25.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 98,051 shares of company stock worth $11,333,480 in the last 90 days. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Kulicke and Soffa Industries by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,513,023 shares of the semiconductor company’s stock worth $160,053,000 after purchasing an additional 20,535 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Kulicke and Soffa Industries by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock valued at $81,241,000 after purchasing an additional 409,116 shares during the last quarter. Morgan Stanley boosted its position in Kulicke and Soffa Industries by 6.7% in the fourth quarter. Morgan Stanley now owns 1,230,330 shares of the semiconductor company’s stock valued at $56,054,000 after buying an additional 77,527 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Kulicke and Soffa Industries by 125.0% in the first quarter. Bank of New York Mellon Corp now owns 926,915 shares of the semiconductor company’s stock valued at $60,917,000 after buying an additional 514,983 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Kulicke and Soffa Industries by 22.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 813,669 shares of the semiconductor company’s stock worth $37,071,000 after buying an additional 148,374 shares during the last quarter. 98.22% of the stock is owned by institutional investors.

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.