Kulicke and Soffa Industries (NASDAQ:KLIC) Stock Rating Upgraded by Zacks Research

Kulicke and Soffa Industries (NASDAQ:KLIC) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Needham & Company LLC increased their price target on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.67.

Kulicke and Soffa Industries Stock Up 4.5%

Shares of NASDAQ KLIC opened at $95.15 on Tuesday. The company has a market capitalization of $4.98 billion, a PE ratio of 43.85 and a beta of 1.67. The stock’s 50 day moving average price is $107.59 and its 200-day moving average price is $88.13. Kulicke and Soffa Industries has a twelve month low of $35.02 and a twelve month high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued 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. The company had revenue of $330.41 million during the quarter, compared to the consensus estimate 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 was up 122.6% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, research analysts expect that Kulicke and Soffa Industries will post 3.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mui Sung Yeo sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the director directly owned 59,197 shares in the company, valued at $5,919,700. The trade was a 25.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lester A. Wong sold 60,000 shares of the company’s 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 completion of the transaction, the chief executive officer owned 50,743 shares in the company, valued at $6,175,930.53. This represents a 54.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 96,551 shares of company stock worth $11,179,010 over the last three months. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Kulicke and Soffa Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries in the 1st quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Kulicke and Soffa Industries in the second quarter valued at $28,000. Advisory Services Network LLC bought a new position in Kulicke and Soffa Industries in the third quarter worth about $29,000. Meeder Asset Management Inc. bought a new position in Kulicke and Soffa Industries in the fourth quarter worth $30,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Kulicke and Soffa Industries by 2,665.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after buying an additional 933 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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.