1,144,210 Shares in Kulicke and Soffa Industries, Inc. $KLIC Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,144,210 shares of the semiconductor company’s stock, valued at approximately $153,050,000.

Several other institutional investors and hedge funds have also bought and sold shares of KLIC. Paradigm Capital Management Inc. NY purchased a new stake in shares of Kulicke and Soffa Industries in the 2nd quarter valued at $22,315,000. Algert Global LLC increased its stake in shares of Kulicke and Soffa Industries by 83.3% in the second quarter. Algert Global LLC now owns 319,794 shares of the semiconductor company’s stock worth $42,776,000 after acquiring an additional 145,302 shares during the period. Tairen Capital Ltd purchased a new position in shares of Kulicke and Soffa Industries during the second quarter worth $8,398,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Kulicke and Soffa Industries during the second quarter worth $26,300,000. Finally, Globeflex Capital L P acquired a new position in Kulicke and Soffa Industries during the second quarter valued at $11,904,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on KLIC. Needham & Company LLC upped 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 report on Thursday, August 6th. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, SVP Nelson Munpun Wong sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $113.72, for a total transaction of $1,705,800.00. Following the sale, the senior vice president directly owned 71,369 shares in the company, valued at $8,116,082.68. This trade represents a 17.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lester A. Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction dated Thursday, June 18th. The shares were 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 of the company’s stock, valued at approximately $6,175,930.53. This represents a 54.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 76,551 shares of company stock valued at $9,179,010. Corporate insiders own 1.20% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $83.51 on Tuesday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 38.48 and a beta of 1.67. The firm’s 50 day simple moving average is $105.11 and its 200-day simple moving average is $90.01. Kulicke and Soffa Industries, Inc. has a 12 month low of $35.02 and a 12 month high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $308.50 million. During the same period in the previous year, the business posted $0.07 EPS. The business’s revenue 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. Analysts anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.

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.