Kulicke and Soffa Industries Inc. (KLIC) Holdings Trimmed by Shell Asset Management Co.

Shell Asset Management Co. lessened its holdings in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 45.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,423 shares of the semiconductor company’s stock after selling 18,732 shares during the quarter. Shell Asset Management Co.’s holdings in Kulicke and Soffa Industries were worth $535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Kulicke and Soffa Industries during the 2nd quarter worth approximately $119,000. Value Holdings Management CO. LLC bought a new position in Kulicke and Soffa Industries during the 2nd quarter worth approximately $214,000. Fox Run Management L.L.C. bought a new position in Kulicke and Soffa Industries during the 3rd quarter worth approximately $260,000. Juncture Wealth Strategies LLC bought a new position in Kulicke and Soffa Industries during the 3rd quarter worth approximately $283,000. Finally, Verition Fund Management LLC lifted its holdings in Kulicke and Soffa Industries by 45.3% during the 2nd quarter. Verition Fund Management LLC now owns 12,466 shares of the semiconductor company’s stock worth $297,000 after buying an additional 3,885 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

KLIC has been the topic of a number of research analyst reports. BidaskClub raised Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, August 15th. ValuEngine downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. B. Riley reduced their target price on Kulicke and Soffa Industries from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Finally, Craig Hallum initiated coverage on Kulicke and Soffa Industries in a report on Tuesday, November 20th. They set a “buy” rating and a $30.00 target price on the stock. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.00.

In related news, Director Peter T. M. Kong purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The shares were acquired at an average price of $20.51 per share, with a total value of $102,550.00. Following the acquisition, the director now owns 51,437 shares in the company, valued at approximately $1,054,972.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

NASDAQ:KLIC opened at $19.55 on Friday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.06 and a beta of 1.27. Kulicke and Soffa Industries Inc. has a 52 week low of $17.40 and a 52 week high of $28.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.01 and a current ratio of 5.67.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Monday, November 19th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The business had revenue of $184.82 million for the quarter, compared to the consensus estimate of $185.00 million. Kulicke and Soffa Industries had a return on equity of 19.12% and a net margin of 6.40%. The business’s revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. On average, research analysts forecast that Kulicke and Soffa Industries Inc. will post 1.6 earnings per share for the current fiscal year.

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About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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