Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Receives $69.67 Consensus PT from Brokerages

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) have received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $69.6667.

A number of research firms have weighed in on KLIC. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Finally, Needham & Company LLC increased their price objective 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.

Insider Activity at Kulicke and Soffa Industries

In other news, Director Peter T. M. Kong sold 1,551 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $110.00, for a total transaction of $170,610.00. Following the completion of the transaction, the director directly owned 100,009 shares in the company, valued at approximately $11,000,990. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lester A. Wong sold 60,000 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 50,743 shares in the company, valued at approximately $6,175,930.53. This represents a 54.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 76,551 shares of company stock valued at $9,179,010 in the last three months. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Kulicke and Soffa Industries

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

Kulicke and Soffa Industries Trading Down 0.0%

Shares of NASDAQ KLIC opened at $81.61 on Monday. The firm has a fifty day simple moving average of $97.59 and a two-hundred day simple moving average of $90.73. Kulicke and Soffa Industries has a 12 month low of $35.02 and a 12 month high of $135.80. The firm has a market capitalization of $4.27 billion, a PE ratio of 37.61 and a beta of 1.62.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share for the quarter, beating 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 analyst estimates of $308.50 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 122.6% compared to the same quarter last year. Kulicke and Soffa Industries has set its Q4 2026 guidance at 1.278-1.562 EPS. On average, sell-side analysts predict that Kulicke and Soffa Industries will post 3.38 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 17th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend 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 presently 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.