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

Kulicke and Soffa Industries (KLIC) : Eii Capital Management reduced its stake in Kulicke and Soffa Industries by 21.32% during the most recent quarter end. The investment management company now holds a total of 350,885 shares of Kulicke and Soffa Industries which is valued at $4,165,005 after selling 95,100 shares in Kulicke and Soffa Industries , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Kulicke and Soffa Industries makes up approximately 1.19% of Eii Capital Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in KLIC during the most recent quarter. The investment firm sold 11,934 shares of KLIC which is valued $141,657. Palo Capital sold out all of its stake in KLIC during the most recent quarter. The investment firm sold 16,204 shares of KLIC which is valued $205,305. Simplex Trading sold out all of its stake in KLIC during the most recent quarter. The investment firm sold 1,204 shares of KLIC which is valued $15,098.Dnb Asset Management As boosted its stake in KLIC in the latest quarter, The investment management firm added 317,300 additional shares and now holds a total of 986,586 shares of Kulicke and Soffa Industries which is valued at $11,996,886. Kulicke and Soffa Industries makes up approx 0.25% of Dnb Asset Management As’s portfolio.

Kulicke and Soffa Industries opened for trading at $12.48 and hit $12.59 on the upside on Monday, eventually ending the session at $12.59, with a gain of 1.12% or 0.14 points. The heightened volatility saw the trading volume jump to 3,22,150 shares. Company has a market cap of $886 M.

On the company’s financial health, Kulicke and Soffa Industries reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.38. The company had revenue of $216.40 million for the quarter, compared to analysts expectations of $200.76 million. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 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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