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 1.16% during the most recent quarter end. The investment management company now holds a total of 747,057 shares of Kulicke and Soffa Industries which is valued at $10,473,739 after selling 8,800 shares in Kulicke and Soffa Industries , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Kulicke and Soffa Industries makes up approximately 7.52% of Breithorn Capital Management’s portfolio.

Other Hedge Funds, Including , Moors Cabot boosted its stake in KLIC in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 16,275 shares of Kulicke and Soffa Industries which is valued at $226,874. Kulicke and Soffa Industries makes up approx 0.04% of Moors Cabot’s portfolio.Blackrock Investment Management reduced its stake in KLIC by selling 468 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 30,627 shares of KLIC which is valued at $409,789.Aperio Group boosted its stake in KLIC in the latest quarter, The investment management firm added 3,888 additional shares and now holds a total of 15,276 shares of Kulicke and Soffa Industries which is valued at $202,254.

Kulicke and Soffa Industries closed down -0.53 points or -3.46% at $14.8 with 10,30,541 shares getting traded on Monday. Post opening the session at $15.33, the shares hit an intraday low of $14.475 and an intraday high of $15.37 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Kulicke and Soffa Industries reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Nov 15, 2016. Analyst had a consensus of $0.09. The company had revenue of $145.80 million for the quarter, compared to analysts expectations of $140.08 million. The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Kulicke and Soffa Industries. Kulicke and Soffa Industries was Downgraded by Standpoint Research to ” Hold” on Nov 18, 2016.

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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