Fifth Third Bancorp Purchases 34,440 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Fifth Third Bancorp boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 3,546.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,411 shares of the semiconductor company’s stock after purchasing an additional 34,440 shares during the quarter. Fifth Third Bancorp’s holdings in Kulicke and Soffa Industries were worth $2,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Kulicke and Soffa Industries during the first quarter worth $26,000. Advisory Services Network LLC acquired a new position in shares of Kulicke and Soffa Industries during the third quarter valued at about $29,000. Meeder Asset Management Inc. acquired a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 933 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its position in shares of Kulicke and Soffa Industries by 48.4% during the fourth quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 254 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Insider Activity at Kulicke and Soffa Industries

In related news, General Counsel Zi Yao Lim sold 1,500 shares of Kulicke and Soffa Industries stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $102.98, for a total value of $154,470.00. Following the completion of the sale, the general counsel owned 21,214 shares of the company’s stock, valued at approximately $2,184,617.72. This trade represents a 6.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mui Sung Yeo sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $100.00, for a total value of $2,000,000.00. Following the completion of the sale, the director owned 59,197 shares in the company, valued at $5,919,700. This represents a 25.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 98,051 shares of company stock worth $11,333,480 in the last three months. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Needham & Company LLC boosted their price objective on Kulicke and Soffa Industries from $70.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $59.25.

Kulicke and Soffa Industries Trading Up 8.5%

NASDAQ:KLIC opened at $108.54 on Wednesday. The stock has a market capitalization of $5.68 billion, a PE ratio of 104.37 and a beta of 1.62. The firm’s 50 day moving average is $110.88 and its 200 day moving average is $83.80. Kulicke and Soffa Industries, Inc. has a 12 month low of $31.32 and a 12 month high of $135.80.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. Kulicke and Soffa Industries had a return on equity of 7.29% and a net margin of 7.16%.The business had revenue of $242.62 million during the quarter, compared to analyst estimates of $228.75 million. During the same period in the prior year, the company earned ($0.52) earnings per share. Kulicke and Soffa Industries’s revenue was up 49.8% compared to the same quarter last year. Kulicke and Soffa Industries has set its Q3 2026 guidance at 1.000- EPS. Research analysts predict that Kulicke and Soffa Industries, Inc. will post 2.85 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio is currently 78.85%.

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.