HighTower Advisors LLC Has $5.01 Million Holdings in Kulicke and Soffa Industries, Inc. $KLIC

HighTower Advisors LLC grew its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 362.7% in the second quarter, Holdings Channel reports. The fund owned 37,484 shares of the semiconductor company’s stock after acquiring an additional 29,383 shares during the quarter. HighTower Advisors LLC’s holdings in Kulicke and Soffa Industries were worth $5,014,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KLIC. BlackRock Inc. acquired a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at $1,204,835,000. California State Teachers Retirement System increased its holdings in Kulicke and Soffa Industries by 12,902.6% in the 2nd quarter. California State Teachers Retirement System now owns 7,959,656 shares of the semiconductor company’s stock worth $1,064,684,000 after purchasing an additional 7,898,440 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Kulicke and Soffa Industries by 21.1% in the second 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 raised 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 purchasing an additional 77,527 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Kulicke and Soffa Industries in the second quarter valued at about $153,050,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Needham & Company LLC boosted their price target on 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 report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.67.

Kulicke and Soffa Industries Stock Down 1.0%

NASDAQ KLIC opened at $82.97 on Friday. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 38.24 and a beta of 1.62. Kulicke and Soffa Industries, Inc. has a twelve month low of $35.02 and a twelve month high of $135.80. The stock has a fifty day simple moving average of $93.86 and a 200 day simple moving average of $91.08.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results 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 analyst estimates of $308.50 million. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.Kulicke and Soffa Industries’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, September 17th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 37.79%.

Insider Activity at Kulicke and Soffa Industries

In related news, CEO Lester Wong sold 60,000 shares of Kulicke and Soffa Industries 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.