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

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 196,621 shares of the semiconductor company’s stock, valued at approximately $26,300,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KLIC. BlackRock Inc. acquired a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at $1,204,835,000. Vanguard Group Inc. raised its stake in Kulicke and Soffa Industries by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,513,023 shares of the semiconductor company’s stock worth $160,053,000 after acquiring an additional 20,535 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Kulicke and Soffa Industries by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock worth $81,241,000 after acquiring an additional 409,116 shares during the period. Morgan Stanley lifted its position in Kulicke and Soffa Industries by 6.7% during the 4th quarter. Morgan Stanley now owns 1,230,330 shares of the semiconductor company’s stock worth $56,054,000 after acquiring an additional 77,527 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Kulicke and Soffa Industries by 125.0% during the 1st quarter. Bank of New York Mellon Corp now owns 926,915 shares of the semiconductor company’s stock valued at $60,917,000 after purchasing an additional 514,983 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Needham & Company LLC increased their price objective on 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 raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Kulicke and Soffa Industries has an average rating of “Moderate Buy” and an average target price of $69.67.

Insider Activity

In other news, Director Peter T. M. Kong sold 1,551 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $110.00, for a total value of $170,610.00. Following the completion of the transaction, the director owned 100,009 shares of the company’s stock, valued at $11,000,990. The trade was a 1.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Nelson Munpun Wong sold 15,000 shares of the company’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 completion of the sale, the senior vice president owned 71,369 shares in the company, valued at $8,116,082.68. The trade was a 17.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 76,551 shares of company stock valued at $9,179,010 in the last quarter. 1.20% of the stock is currently owned by company insiders.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $83.51 on Tuesday. The firm has a fifty day moving average price of $105.11 and a 200 day moving average price of $90.01. Kulicke and Soffa Industries, Inc. has a 1 year low of $35.02 and a 1 year high of $135.80. The stock has a market cap of $4.37 billion, a PE ratio of 38.48 and a beta of 1.67.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 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 company had revenue of $330.41 million for the quarter, compared to analyst estimates of $308.50 million. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’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, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Kulicke and Soffa Industries 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.