Citigroup Inc. Sells 60,437 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Citigroup Inc. cut its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 41.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,529 shares of the semiconductor company’s stock after selling 60,437 shares during the quarter. Citigroup Inc.’s holdings in Kulicke and Soffa Industries were worth $3,517,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KLIC. True Wealth Design LLC increased its holdings in Kulicke and Soffa Industries by 7,609.1% in the 2nd quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 837 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Kulicke and Soffa Industries by 2,665.7% during the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 933 shares during the period. Federated Hermes Inc. increased its stake in shares of Kulicke and Soffa Industries by 814.8% in the third quarter. Federated Hermes Inc. now owns 1,052 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 937 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Kulicke and Soffa Industries by 42.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,667 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 493 shares during the period. Finally, Covestor Ltd raised its position in shares of Kulicke and Soffa Industries by 57.3% in the third quarter. Covestor Ltd now owns 1,858 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 677 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 6.3%

Shares of NASDAQ:KLIC opened at $63.48 on Friday. The stock has a market cap of $3.32 billion, a PE ratio of -52.46 and a beta of 1.58. The company’s fifty day moving average is $61.23 and its 200 day moving average is $48.04. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $77.50.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.11. The firm had revenue of $199.63 million for the quarter, compared to analysts’ expectations of $190.03 million. Kulicke and Soffa Industries had a negative return on equity of 1.13% and a negative net margin of 9.40%.The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. Kulicke and Soffa Industries has set its Q2 2026 guidance at 0.600-0.740 EPS. Sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KLIC shares. Needham & Company LLC lifted their price objective on shares of Kulicke and Soffa Industries from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Zacks Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. DA Davidson reaffirmed a “buy” rating and set a $55.00 target price on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Wall Street Zen upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings downgraded shares of Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries presently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, Director David Jeffrey Richardson sold 9,364 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $72.19, for a total value of $675,987.16. Following the transaction, the director owned 17,694 shares in the company, valued at approximately $1,277,329.86. This trade represents a 34.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock in a transaction on Monday, February 9th. The stock was sold at an average price of $71.54, for a total transaction of $71,540.00. Following the completion of the transaction, the general counsel directly owned 22,714 shares in the company, valued at approximately $1,624,959.56. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 111,609 shares of company stock worth $7,031,036 over the last quarter. Company insiders own 1.20% of the company’s stock.

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.