Kulicke and Soffa Industries (NASDAQ:KLIC) Shares Gap Down – Here’s Why

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $101.77, but opened at $94.53. Kulicke and Soffa Industries shares last traded at $92.9760, with a volume of 95,183 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KLIC. Needham & Company LLC raised their price target 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. Zacks Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed 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 assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.67.

Kulicke and Soffa Industries Stock Down 10.6%

The business’s 50 day moving average is $107.36 and its 200-day moving average is $89.00. The firm has a market capitalization of $4.76 billion, a P/E ratio of 42.24 and a beta of 1.67.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. Kulicke and Soffa Industries had a return on equity of 14.39% and a net margin of 12.18%.The firm had revenue of $330.41 million during the quarter, compared to analysts’ expectations of $308.50 million. During the same period in the prior year, the company earned $0.07 earnings per share. The company’s quarterly 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. Research analysts forecast that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.9%. Kulicke and Soffa Industries’s payout ratio is 37.79%.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, Director Mui Sung Yeo sold 20,000 shares of Kulicke and Soffa Industries stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total value of $2,000,000.00. Following the transaction, the director 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 legal filing with the SEC, which is available at this link. Also, SVP Nelson Munpun Wong sold 15,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president directly owned 71,369 shares of the company’s stock, valued at approximately $8,116,082.68. The trade was a 17.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 96,551 shares of company stock valued at $11,179,010 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Kulicke and Soffa Industries

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at approximately $1,204,835,000. Vanguard Group Inc. increased its position in Kulicke and Soffa Industries by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,513,023 shares of the semiconductor company’s stock worth $160,053,000 after purchasing an additional 20,535 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Kulicke and Soffa Industries by 21.1% in the 2nd 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 lifted its stake in Kulicke and Soffa Industries by 6.7% in the 4th 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, Bank of New York Mellon Corp boosted its position in Kulicke and Soffa Industries by 125.0% in the first quarter. Bank of New York Mellon Corp now owns 926,915 shares of the semiconductor company’s stock valued at $60,917,000 after buying an additional 514,983 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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.