Needham & Company LLC Boosts Kulicke and Soffa Industries (NASDAQ:KLIC) Price Target to $105.00
by Doug Wharley · The Cerbat GemKulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) had its price objective raised by analysts at Needham & Company LLC from $70.00 to $105.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target indicates a potential upside of 6.98% from the stock’s current price.
Several other analysts have also issued reports on the company. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings lowered Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Kulicke and Soffa Industries has a consensus rating of “Hold” and a consensus target price of $59.25.
Check Out Our Latest Stock Analysis on KLIC
Kulicke and Soffa Industries Stock Up 4.7%
NASDAQ:KLIC traded up $4.37 during mid-day trading on Thursday, hitting $98.15. 2,683,825 shares of the company traded hands, compared to its average volume of 735,497. The stock’s fifty day moving average price is $72.57 and its 200-day moving average price is $58.20. Kulicke and Soffa Industries has a one year low of $30.97 and a one year high of $107.01. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -81.12 and a beta of 1.66.
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. Kulicke and Soffa Industries had a negative return on equity of 1.13% and a negative net margin of 9.40%.The business had revenue of $242.62 million during the quarter, compared to analyst estimates of $228.75 million. During the same quarter in the previous year, the company posted ($0.52) earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was up 49.8% on a year-over-year basis. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. Equities analysts predict that Kulicke and Soffa Industries will post 2.22 EPS for the current year.
Insiders Place Their Bets
In other news, General Counsel Zi Yao Lim sold 1,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $71.54, for a total value of $71,540.00. Following the completion of the transaction, the general counsel owned 22,714 shares of the company’s stock, valued at $1,624,959.56. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Jeffrey Richardson sold 9,364 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $72.19, for a total value of $675,987.16. Following the completion of the transaction, the director directly owned 17,694 shares of the company’s stock, valued at approximately $1,277,329.86. This trade represents a 34.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 36,605 shares of company stock worth $2,645,582. 1.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Kulicke and Soffa Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLIC. Royal Bank of Canada boosted its stake in Kulicke and Soffa Industries by 10.0% during the first quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company’s stock valued at $2,118,000 after buying an additional 5,836 shares during the last quarter. AQR Capital Management LLC boosted its stake in Kulicke and Soffa Industries by 168.8% during the first quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company’s stock valued at $1,631,000 after buying an additional 31,048 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kulicke and Soffa Industries by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 877 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Kulicke and Soffa Industries by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company’s stock valued at $5,140,000 after buying an additional 11,522 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Kulicke and Soffa Industries by 55.7% during the first quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company’s stock valued at $2,206,000 after buying an additional 23,923 shares during the last quarter. 98.22% of the stock is owned by institutional investors.
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.