Connor Clark & Lunn Investment Management Ltd. Acquires New Shares in Kulicke and Soffa Industries, Inc. $KLIC

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 196,621 shares of the semiconductor company’s stock, valued at approximately $26,300,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.38% of Kulicke and Soffa Industries at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KLIC. MassMutual Private Wealth & Trust FSB lifted its position in shares of Kulicke and Soffa Industries by 12.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 877 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 98 shares during the period. CIBC Asset Management Inc increased its holdings in Kulicke and Soffa Industries by 3.4% during the fourth quarter. CIBC Asset Management Inc now owns 5,231 shares of the semiconductor company’s stock valued at $238,000 after buying an additional 171 shares during the period. PNC Financial Services Group Inc. increased its holdings in Kulicke and Soffa Industries by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,556 shares of the semiconductor company’s stock valued at $344,000 after buying an additional 172 shares during the period. ProShare Advisors LLC raised its stake in Kulicke and Soffa Industries by 2.0% in the fourth quarter. ProShare Advisors LLC now owns 9,926 shares of the semiconductor company’s stock worth $452,000 after buying an additional 198 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Kulicke and Soffa Industries by 3.0% in the fourth quarter. HighTower Advisors LLC now owns 6,929 shares of the semiconductor company’s stock worth $316,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Insider Activity

In related news, Director Peter T. M. Kong sold 1,551 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $110.00, for a total transaction of $170,610.00. Following the transaction, the director directly owned 100,009 shares in the company, valued at $11,000,990. The trade was a 1.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lester A. Wong sold 60,000 shares of the company’s 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 76,551 shares of company stock worth $9,179,010. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

KLIC has been the topic of several recent research reports. 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 boosted 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. Finally, Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One research 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 data from MarketBeat, Kulicke and Soffa Industries has an average rating of “Moderate Buy” and a consensus price target of $69.67.

Kulicke and Soffa Industries Stock Down 2.6%

NASDAQ KLIC opened at $83.51 on Tuesday. The firm has a market cap of $4.37 billion, a PE ratio of 38.48 and a beta of 1.67. The company has a 50 day moving average price of $105.11 and a 200 day moving average price of $90.01. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.02 and a 52 week high of $135.80.

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 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 company had revenue of $330.41 million during the quarter, compared to the consensus estimate of $308.50 million. During the same period last year, the firm earned $0.07 earnings per share. Kulicke and Soffa Industries’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. On average, equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current fiscal year.

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.