Freestone Grove Partners LP Invests $2.03 Million in Kulicke and Soffa Industries, Inc. $KLIC

Freestone Grove Partners LP purchased a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,201 shares of the semiconductor company’s stock, valued at approximately $2,033,000.

Several other institutional investors have also recently added to or reduced their stakes in KLIC. Royal Bank of Canada increased its position in shares of Kulicke and Soffa Industries by 10.0% in the 1st quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company’s stock worth $2,118,000 after purchasing an additional 5,836 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Kulicke and Soffa Industries by 168.8% during the first quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company’s stock worth $1,631,000 after purchasing an additional 31,048 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kulicke and Soffa Industries by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 877 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kulicke and Soffa Industries by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company’s stock worth $5,140,000 after purchasing an additional 11,522 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Kulicke and Soffa Industries by 55.7% in the first quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company’s stock worth $2,206,000 after purchasing an additional 23,923 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KLIC has been the topic of several research reports. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Needham & Company LLC lifted their target price on 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. One research 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.67.

Kulicke and Soffa Industries Stock Down 4.3%

Shares of NASDAQ:KLIC opened at $81.03 on Friday. The company has a market cap of $4.24 billion, a PE ratio of 37.34 and a beta of 1.67. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $35.02 and a fifty-two week high of $135.80. The firm has a 50-day simple moving average of $102.27 and a 200 day simple moving average of $90.37.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results 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. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The firm had revenue of $330.41 million for the quarter, compared to analysts’ expectations of $308.50 million. During the same quarter last year, the company posted $0.07 earnings per share. Kulicke and Soffa Industries’s revenue was up 122.6% on a year-over-year basis. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. As a group, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

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 issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.82 annualized dividend and a dividend yield of 1.0%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 37.79%.

Insider Activity at Kulicke and Soffa Industries

In related news, CEO Lester A. Wong sold 60,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total transaction of $7,302,600.00. Following the completion of the transaction, the chief executive officer directly owned 50,743 shares in the company, valued at $6,175,930.53. This represents a 54.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Nelson Munpun Wong sold 15,000 shares of the stock in a transaction on 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. This represents a 17.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 76,551 shares of company stock worth $9,179,010 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Kulicke and Soffa Industries Company 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.