Breithorn Capital Management Lowers stake in Kulicke and Soffa Industries (KLIC)

Kulicke and Soffa Industries (KLIC) : Breithorn Capital Management reduced its stake in Kulicke and Soffa Industries by 0.75% during the most recent quarter end. The investment management company now holds a total of 851,697 shares of Kulicke and Soffa Industries which is valued at $9.6 Million after selling 6,470 shares in Kulicke and Soffa Industries , the firm said in a disclosure report filed with the SEC on May 13, 2016.Kulicke and Soffa Industries makes up approximately 6.62% of Breithorn Capital Management’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in KLIC by selling 4,850 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 14,550 shares of KLIC which is valued at $163,397.Blackrock Investment Management boosted its stake in KLIC in the latest quarter, The investment management firm added 968 additional shares and now holds a total of 31,095 shares of Kulicke and Soffa Industries which is valued at $349,197.Airain Ltd reduced its stake in KLIC by selling 4,048 shares or 6.94% in the most recent quarter. The Hedge Fund company now holds 54,293 shares of KLIC which is valued at $609,710. Kulicke and Soffa Industries makes up approx 0.04% of Airain Ltd’s portfolio.Ifrah Financial Services reduced its stake in KLIC by selling 1,409 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 33,509 shares of KLIC which is valued at $378,987. Kulicke and Soffa Industries makes up approx 0.15% of Ifrah Financial Services’s portfolio.Aperio Group boosted its stake in KLIC in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 11,190 shares of Kulicke and Soffa Industries which is valued at $119,957.

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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