Kulicke and Soffa Industries Inc. (KLIC) Holdings Trimmed by OxFORD Asset Management LLP

OxFORD Asset Management LLP lessened its holdings in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 40.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,458 shares of the semiconductor company’s stock after selling 69,010 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.14% of Kulicke and Soffa Industries worth $2,152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advisor Group Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 11,247.9% during the second quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock worth $153,000 after acquiring an additional 7,986 shares during the period. Bank of Montreal Can boosted its holdings in shares of Kulicke and Soffa Industries by 6.2% during the second quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock worth $173,000 after acquiring an additional 532 shares during the period. Pitcairn Co. bought a new stake in shares of Kulicke and Soffa Industries during the second quarter worth approximately $220,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Kulicke and Soffa Industries by 1.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 207 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Kulicke and Soffa Industries during the second quarter worth approximately $292,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kulicke and Soffa Industries Inc. (NASDAQ KLIC) opened at $24.12 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.76 and a quick ratio of 4.15. The stock has a market capitalization of $1,716.38, a P/E ratio of 13.89, a P/E/G ratio of 1.07 and a beta of 1.38. Kulicke and Soffa Industries Inc. has a 12 month low of $15.80 and a 12 month high of $28.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.15. Kulicke and Soffa Industries had a return on equity of 14.54% and a net margin of 13.85%. The business had revenue of $215.89 million during the quarter, compared to analysts’ expectations of $208.20 million. During the same period in the previous year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. research analysts predict that Kulicke and Soffa Industries Inc. will post 1.69 EPS for the current year.

KLIC has been the subject of several recent research reports. ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. DA Davidson boosted their price target on Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. B. Riley reiterated a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a research note on Monday, November 13th. Finally, BidaskClub cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.38.

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Kulicke and Soffa Industries Profile

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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