Legal & General Group Plc Takes Position in Kulicke and Soffa Industries, Inc. $KLIC

Legal & General Group Plc bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the second quarter, Holdings Channel.com reports. The fund bought 126,615 shares of the semiconductor company’s stock, valued at approximately $16,936,000.

Several other hedge funds have also bought and sold shares of KLIC. The Manufacturers Life Insurance Company acquired a new stake in Kulicke and Soffa Industries in the 2nd quarter valued at $153,050,000. Paradigm Capital Management Inc. NY acquired a new position in Kulicke and Soffa Industries during the second quarter worth $22,315,000. Algert Global LLC lifted its stake in shares of Kulicke and Soffa Industries by 83.3% in the second quarter. Algert Global LLC now owns 319,794 shares of the semiconductor company’s stock valued at $42,776,000 after buying an additional 145,302 shares in the last quarter. Tairen Capital Ltd bought a new position in shares of Kulicke and Soffa Industries in the second quarter valued at $8,398,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Kulicke and Soffa Industries during the second quarter valued at about $26,300,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KLIC shares. Needham & Company LLC boosted 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. 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. 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of “Moderate Buy” and an average target price of $69.67.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $81.03 on Monday. The business’s fifty day simple moving average is $102.27 and its 200 day simple moving average is $90.50. Kulicke and Soffa Industries, Inc. has a 12 month low of $35.02 and a 12 month high of $135.80. The firm has a market capitalization of $4.24 billion, a P/E ratio of 37.34 and a beta of 1.67.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The firm’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. Analysts predict that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

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

Insider Activity at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $113.72, for a total transaction 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 represents a 17.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter T. M. Kong sold 1,551 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 100,009 shares of the company’s stock, valued at $11,000,990. The trade was a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 76,551 shares of company stock worth $9,179,010. 1.20% of the stock is owned by corporate insiders.

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.