Olstein Capital Trims Kulicke and Soffa Position Following AI-Driven Rally

Olstein Capital Management, L.P. has sold 81,461 shares of Kulicke and Soffa Industries (KLIC), according to a recent SEC filing dated April 21, 2026. The transaction, valued at an estimated $5.2 million based on quarterly average closing prices, follows a period where the stock nearly tripled in value over the previous twelve months. Despite the divestment, Olstein maintains a remaining position of 61,000 shares, suggesting that the sale is a portfolio rebalancing effort rather than a fundamental shift in conviction. The move comes as the semiconductor equipment sector continues to experience volatility and growth driven by artificial intelligence infrastructure. Kulicke and Soffa's financial performance remains strong. For Q1 2026, the company reported net revenue of $199.6 million and non-GAAP EPS of $0.44, both of which surpassed analyst expectations. This momentum follows a robust Q4 2025, during which non-GAAP net income rose 42% year-over-year. Looking ahead, management has issued guidance for fiscal 2026 revenue in the range of $730 million to $740 million, representing an approximate 12% increase over the $654.1 million recorded in fiscal 2025. A key driver for this growth is the company's thermo-compression bonding business, which is critical for the assembly of high-bandwidth memory and AI chips, and is projected to grow by roughly 70% this fiscal year. Additionally, the company recently introduced its ProMEM suite, which aims to deliver up to 20% higher throughput for memory assembly workloads. These advancements position KLIC to capitalize on the accelerating demand for advanced semiconductor packaging.