Wellington Management Group LLP Acquires New Position in Kulicke and Soffa Industries, Inc. $KLIC

Wellington Management Group LLP bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 195,024 shares of the semiconductor company’s stock, valued at approximately $26,086,000. Wellington Management Group LLP owned 0.37% of Kulicke and Soffa Industries as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Kulicke and Soffa Industries by 12.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 877 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 98 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Kulicke and Soffa Industries by 3.4% during the fourth quarter. CIBC Asset Management Inc now owns 5,231 shares of the semiconductor company’s stock worth $238,000 after acquiring an additional 171 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Kulicke and Soffa Industries by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,556 shares of the semiconductor company’s stock valued at $344,000 after acquiring an additional 172 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Kulicke and Soffa Industries by 2.0% in the fourth quarter. ProShare Advisors LLC now owns 9,926 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 198 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Kulicke and Soffa Industries by 3.0% in the fourth quarter. HighTower Advisors LLC now owns 6,929 shares of the semiconductor company’s stock valued at $316,000 after purchasing an additional 205 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KLIC has been the topic of several recent research reports. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Needham & Company LLC upped 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 note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.67.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Nelson 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 transaction of $1,705,800.00. Following the transaction, the senior vice president owned 71,369 shares of the company’s stock, valued at approximately $8,116,082.68. This trade represents a 17.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lester Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction dated 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 sale, the chief executive officer owned 50,743 shares in the company, valued at $6,175,930.53. This trade represents a 54.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 76,551 shares of company stock worth $9,179,010 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

KLIC opened at $81.61 on Friday. The business’s 50-day simple moving average is $97.59 and its 200-day simple moving average is $90.59. The company has a market cap of $4.27 billion, a P/E ratio of 37.61 and a beta of 1.62. Kulicke and Soffa Industries, Inc. has a one year low of $35.02 and a one year high of $135.80.

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 for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The company had revenue of $330.41 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 122.6% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, analysts predict that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

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

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.