Two Sigma Advisers LP Reduces Stake in Kulicke and Soffa Industries, Inc. (KLIC)

Two Sigma Advisers LP cut its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 14.0% during the third quarter, Holdings Channel reports. The fund owned 294,789 shares of the company’s stock after selling 48,000 shares during the period. Two Sigma Advisers LP owned approximately 0.42% of Kulicke and Soffa Industries worth $3,812,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Sei Investments Co. boosted its stake in Kulicke and Soffa Industries by 8.9% in the third quarter. Sei Investments Co. now owns 9,122 shares of the company’s stock worth $118,000 after buying an additional 747 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Kulicke and Soffa Industries by 15.1% in the second quarter. Teacher Retirement System of Texas now owns 9,904 shares of the company’s stock worth $121,000 after buying an additional 1,300 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Kulicke and Soffa Industries during the third quarter worth approximately $146,000. Capital Fund Management S.A. bought a new stake in Kulicke and Soffa Industries during the second quarter worth approximately $159,000. Finally, Mason Street Advisors LLC bought a new stake in Kulicke and Soffa Industries during the second quarter worth approximately $167,000. Institutional investors and hedge funds own 84.44% of the company’s stock.

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

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) traded down 2.10% during midday trading on Friday, reaching $20.09. The company had a trading volume of 649,319 shares. Kulicke and Soffa Industries, Inc. has a one year low of $10.55 and a one year high of $20.78. The company has a 50-day moving average price of $17.50 and a 200 day moving average price of $14.53. The company has a market capitalization of $1.43 billion, a P/E ratio of 22.55 and a beta of 1.21.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.12. Kulicke and Soffa Industries had a net margin of 9.39% and a return on equity of 7.88%. The company earned $149.60 million during the quarter, compared to analyst estimates of $140.62 million. Kulicke and Soffa Industries’s quarterly revenue was up 37.9% compared to the same quarter last year. Equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post $1.18 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Two Sigma Advisers LP Reduces Stake in Kulicke and Soffa Industries, Inc. (KLIC)” was reported by sleekmoney and is the sole property of of sleekmoney. If you are accessing this news story on another website, it was stolen and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at http://sleekmoney.com/two-sigma-advisers-lp-reduces-stake-in-kulicke-and-soffa-industries-inc-klic/1656110.html.

A number of research firms have commented on KLIC. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Tuesday. B. Riley restated a “buy” rating and issued a $22.00 price target on shares of Kulicke and Soffa Industries in a report on Sunday, January 22nd. Standpoint Research cut shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Finally, TheStreet upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Thursday, December 1st.

In related news, insider Lester A. Wong sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $15.91, for a total transaction of $159,100.00. Following the completion of the sale, the insider now directly owns 69,421 shares in the company, valued at approximately $1,104,488.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Chou sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $20.08, for a total transaction of $502,000.00. Following the sale, the insider now owns 167,108 shares of the company’s stock, valued at $3,355,528.64. The disclosure for this sale can be found here. Insiders have sold a total of 82,573 shares of company stock valued at $1,432,157 over the last quarter. 1.00% of the stock is currently owned by company insiders.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

5 Day Chart for NASDAQ:KLIC

Want to see what other hedge funds are holding KLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/two-sigma-advisers-lp-reduces-stake-in-kulicke-and-soffa-industries-inc-klic/1656110.html

Receive News & Ratings for Kulicke and Soffa Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *