Van Berkom Associates buys $1,877,068 stake in Kulicke and Soffa Industries (KLIC)

Kulicke and Soffa Industries (KLIC) : Van Berkom Associates scooped up 18,628 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 Apr 21, 2016. The investment management firm now holds a total of 168,498 shares of Kulicke and Soffa Industries which is valued at $1,877,068.Kulicke and Soffa Industries makes up approximately 0.08% of Van Berkom Associates’s portfolio.

Kulicke and Soffa Industries opened for trading at $11.03 and hit $11.18 on the upside on Wednesday, eventually ending the session at $11.17, with a gain of 0.90% or 0.1 points. The heightened volatility saw the trading volume jump to 2,22,310 shares. Company has a market cap of $786 M.

Other Hedge Funds, Including , Penbrook Management reduced its stake in KLIC by selling 400 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 90,300 shares of KLIC which is valued at $1,005,942. Kulicke and Soffa Industries makes up approx 1.09% of Penbrook Management’s portfolio. Next Financial Group Inc sold out all of its stake in KLIC during the most recent quarter. The investment firm sold 148 shares of KLIC which is valued $1,649. Palo Capital added KLIC to its portfolio by purchasing 16,204 company shares during the most recent quarter which is valued at $180,513. Kulicke and Soffa Industries makes up approx 0.14% of Palo Capital’s portfolio.Simplex Trading reduced its stake in KLIC by selling 1,812 shares or 60.08% in the most recent quarter. The Hedge Fund company now holds 1,204 shares of KLIC which is valued at $13,569.Dnb Asset Management As boosted its stake in KLIC in the latest quarter, The investment management firm added 111,200 additional shares and now holds a total of 669,286 shares of Kulicke and Soffa Industries which is valued at $7,542,853. Kulicke and Soffa Industries makes up approx 0.16% of Dnb Asset Management As’s portfolio.

On the company’s financial health, Kulicke and Soffa Industries reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Nov 17, 2015. Analyst had a consensus of $0.17. The company had revenue of $119.20 million for the quarter, compared to analysts expectations of $105.00 million. The company’s revenue was down -38.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 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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