Dymon Asia Capital Ltd buys $21.1 Million stake in Kulicke and Soffa Industries (KLIC)

Kulicke and Soffa Industries (KLIC) : Dymon Asia Capital Ltd scooped up 210,300 additional shares in Kulicke and Soffa Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,875,300 shares of Kulicke and Soffa Industries which is valued at $21.1 Million.Kulicke and Soffa Industries makes up approximately 17.05% of Dymon Asia Capital Ltd’s portfolio.

Other Hedge Funds, Including , Cavalry Management Group boosted its stake in KLIC in the latest quarter, The investment management firm added 177,120 additional shares and now holds a total of 509,176 shares of Kulicke and Soffa Industries which is valued at $5.7 Million. Kulicke and Soffa Industries makes up approx 8.65% of Cavalry Management Group’s portfolio. Fuller Thaler Asset Management added KLIC to its portfolio by purchasing 888,700 company shares during the most recent quarter which is valued at $10 Million. Kulicke and Soffa Industries makes up approx 0.20% of Fuller Thaler Asset Management’s portfolio.Paradigm Capital Management Incny boosted its stake in KLIC in the latest quarter, The investment management firm added 3,725 additional shares and now holds a total of 120,900 shares of Kulicke and Soffa Industries which is valued at $1.4 Million. Kulicke and Soffa Industries makes up approx 0.18% of Paradigm Capital Management Incny’s portfolio.Teacher Retirement System Of Texas boosted its stake in KLIC in the latest quarter, The investment management firm added 1,963 additional shares and now holds a total of 8,604 shares of Kulicke and Soffa Industries which is valued at $96,623.Norges Bank reduced its stake in KLIC by selling 107,000 shares or 11.79% in the most recent quarter. The Hedge Fund company now holds 800,757 shares of KLIC which is valued at $9 Million.

Kulicke and Soffa Industries closed down -0.03 points or -0.25% at $12.2 with 2,93,339 shares getting traded on Wednesday. Post opening the session at $12.26, the shares hit an intraday low of $12.04 and an intraday high of $12.34 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Kulicke and Soffa Industries reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.06. The company had revenue of $156.40 million for the quarter, compared to analysts expectations of $135.00 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Kulicke and Soffa Industries Inc. (K&S) designs manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices including integrated circuits (IC) high and low powered discrete devices light-emitting diodes (LEDs) and power modules. The Company also service maintain repair and upgrade its equipment. Its customers consist of semiconductor device manufacturers outsourced semiconductor assembly and test providers (OSATs) other electronics manufacturers and automotive electronics suppliers. The Company operates in two business segments: Equipment and Expendable Tools. The Company’s Equipment segment manufactures and sells a line of ball bonders heavy wire wedge bonders and wafer level bonders. Expendable Tools segment manufactures and sells a variety of expendable tools for a range of semiconductor packaging applications. Its Expendable Tools segment products include: capillaries bonding wedges and dicing blades.

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