Eagle Ridge Investment Management lowered its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,580 shares of the company’s stock after selling 1,440 shares during the period. Eagle Ridge Investment Management’s holdings in Kulicke and Soffa Industries were worth $344,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KLIC. Systematic Financial Management LP acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth $4,616,000. Emerald Acquisition Ltd. acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth $3,587,000. AJO LP acquired a new stake in shares of Kulicke and Soffa Industries during the second quarter worth $3,370,000. BlackRock Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 46.4% in the second quarter. BlackRock Advisors LLC now owns 616,788 shares of the company’s stock worth $7,506,000 after buying an additional 195,400 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Kulicke and Soffa Industries by 3,281.7% in the second quarter. Royal Bank of Canada now owns 162,425 shares of the company’s stock worth $1,976,000 after buying an additional 157,622 shares during the period. 82.54% of the stock is owned by hedge funds and other institutional investors.

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

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) traded up 1.49% during trading on Friday, reaching $17.06. 342,289 shares of the company’s stock were exchanged. Kulicke and Soffa Industries, Inc. has a 1-year low of $9.63 and a 1-year high of $17.21. The company has a market capitalization of $1.21 billion, a PE ratio of 25.54 and a beta of 1.27. The company’s 50-day moving average is $15.99 and its 200-day moving average is $13.55.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Tuesday, November 15th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $145.80 million for the quarter, compared to the consensus estimate of $140.09 million. Kulicke and Soffa Industries had a net margin of 7.51% and a return on equity of 6.04%. Kulicke and Soffa Industries’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. Equities research analysts expect that Kulicke and Soffa Industries, Inc. will post $0.89 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on KLIC shares. Standpoint Research cut shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. TheStreet raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Thursday, December 1st. Finally, B. Riley reissued a “buy” rating and issued a $18.00 price objective on shares of Kulicke and Soffa Industries in a research report on Monday, November 21st.

In other news, insider Jonathan Chou sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $15.39, for a total transaction of $384,750.00. Following the transaction, the insider now owns 216,008 shares in the company, valued at approximately $3,324,363.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian R. Bachman sold 6,500 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $16.00, for a total transaction of $104,000.00. Following the transaction, the director now owns 30,409 shares in the company, valued at approximately $486,544. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Kulicke and Soffa Industries Company Profile

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

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