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 11.25% during the most recent quarter end. The investment management company now holds a total of 755,857 shares of Kulicke and Soffa Industries which is valued at $9,690,087 after selling 95,840 shares in Kulicke and Soffa Industries , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Kulicke and Soffa Industries makes up approximately 7.03% of Breithorn Capital Management’s portfolio.

Other Hedge Funds, Including , Arizona State Retirement System boosted its stake in KLIC in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 36,063 shares of Kulicke and Soffa Industries which is valued at $462,328. Kulicke and Soffa Industries makes up approx 0.01% of Arizona State Retirement System’s portfolio.Geode Capital Management reduced its stake in KLIC by selling 1,805 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 419,527 shares of KLIC which is valued at $5,378,336.Pinebridge Investments boosted its stake in KLIC in the latest quarter, The investment management firm added 619 additional shares and now holds a total of 8,926 shares of Kulicke and Soffa Industries which is valued at $114,431. Kulicke and Soffa Industries makes up approx 0.01% of Pinebridge Investments’s portfolio.Tower Research Capital (trc) reduced its stake in KLIC by selling 1,020 shares or 91.48% in the most recent quarter. The Hedge Fund company now holds 95 shares of KLIC which is valued at $1,218.Thompson Siegel Walmsley reduced its stake in KLIC by selling 403,616 shares or 24.97% in the most recent quarter. The Hedge Fund company now holds 1,212,756 shares of KLIC which is valued at $15,098,812. Kulicke and Soffa Industries makes up approx 0.23% of Thompson Siegel Walmsley’s portfolio.

Kulicke and Soffa Industries opened for trading at $12.23 and hit $12.45 on the upside on Thursday, eventually ending the session at $12.36, with a gain of 1.06% or 0.13 points. The heightened volatility saw the trading volume jump to 2,08,359 shares. Company has a market cap of $870 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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