Hsbc Holdings PLC Buys New Shares in Kulicke and Soffa Industries, Inc. $KLIC

Hsbc Holdings PLC purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,130 shares of the semiconductor company’s stock, valued at approximately $3,174,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC bought a new stake in Kulicke and Soffa Industries in the 4th quarter worth approximately $3,245,000. Louisiana State Employees Retirement System bought a new position in Kulicke and Soffa Industries during the first quarter valued at approximately $1,525,000. Vanguard Group Inc. lifted 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 acquiring an additional 20,535 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at $911,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at $7,599,000. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $81.03 on Friday. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.02 and a 52-week high of $135.80. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 37.34 and a beta of 1.67. The company’s 50 day moving average price is $102.27 and its 200-day moving average price is $90.37.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $330.41 million during the quarter, compared to analyst estimates of $308.50 million. During the same period in the prior year, the business posted $0.07 EPS. The firm’s 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, equities 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 company also recently disclosed 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 annualized dividend 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%.

Insider Activity

In other 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 transaction of $170,610.00. Following the completion of the sale, the director directly owned 100,009 shares in the company, valued at approximately $11,000,990. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nelson Munpun Wong sold 15,000 shares of the firm’s 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 completion of the sale, the senior vice president directly owned 71,369 shares in the company, valued at $8,116,082.68. The trade was a 17.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety 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 equities analysts recently commented on KLIC shares. Needham & Company LLC lifted 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 research report on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. Finally, Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.67.

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.