PDT Partners LLC Makes New Investment in Kulicke and Soffa Industries, Inc. $KLIC

PDT Partners LLC purchased a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 52,581 shares of the semiconductor company’s stock, valued at approximately $7,033,000.

A number of other institutional investors have also modified their holdings of KLIC. Canada Pension Plan Investment Board acquired a new position in Kulicke and Soffa Industries in the 2nd quarter valued at about $2,394,000. Castleark Management LLC acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth about $11,630,000. Legal & General Group Plc acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth about $16,936,000. The Manufacturers Life Insurance Company purchased a new position in shares of Kulicke and Soffa Industries in the second quarter valued at approximately $153,050,000. Finally, Paradigm Capital Management Inc. NY purchased a new position in shares of Kulicke and Soffa Industries in the second quarter valued at approximately $22,315,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KLIC. Needham & Company LLC increased their target price on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. 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. 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 given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.67.

Insider Activity

In related news, CEO Lester A. Wong sold 60,000 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 50,743 shares of the company’s stock, valued at $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter T. M. Kong sold 1,551 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $110.00, for a total value of $170,610.00. Following the transaction, the director directly owned 100,009 shares in the company, valued at approximately $11,000,990. The trade was a 1.53% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 76,551 shares of company stock worth $9,179,010. Corporate insiders own 1.20% of the company’s stock.

Kulicke and Soffa Industries Stock Up 1.2%

Shares of Kulicke and Soffa Industries stock opened at $84.53 on Wednesday. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.02 and a 52-week high of $135.80. The company has a market capitalization of $4.42 billion, a P/E ratio of 38.95 and a beta of 1.67. The company has a 50 day moving average of $104.46 and a 200 day moving average of $90.21.

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

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.