Waverton Investment Management Ltd Lowers stake in Kulicke and Soffa Industries (KLIC)

Kulicke and Soffa Industries (KLIC) : Waverton Investment Management Ltd reduced its stake in Kulicke and Soffa Industries by 10.44% during the most recent quarter end. The investment management company now holds a total of 281,404 shares of Kulicke and Soffa Industries which is valued at $3,599,157 after selling 32,814 shares in Kulicke and Soffa Industries , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Kulicke and Soffa Industries makes up approximately 0.24% of Waverton Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Algert Global boosted its stake in KLIC in the latest quarter, The investment management firm added 90,100 additional shares and now holds a total of 163,173 shares of Kulicke and Soffa Industries which is valued at $2,086,983. Kulicke and Soffa Industries makes up approx 0.61% of Algert Global’s portfolio.Cutler Group Lp boosted its stake in KLIC in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 2,918 shares of Kulicke and Soffa Industries which is valued at $38,372. Simplex Trading added KLIC to its portfolio by purchasing 6,358 company shares during the most recent quarter which is valued at $84,244. Kulicke and Soffa Industries makes up approx 0.01% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in KLIC by selling 14,334 shares or 68.02% in the most recent quarter. The Hedge Fund company now holds 6,739 shares of KLIC which is valued at $89,763.

Kulicke and Soffa Industries closed down -0.36 points or -2.74% at $12.79 with 2,95,449 shares getting traded on Tuesday. Post opening the session at $13.11, the shares hit an intraday low of $12.65 and an intraday high of $13.15 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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