Institutional Investors Are Dumping Kulicke & Soffa Industries Inc (NASDAQ:KLIC)

May 17, 2018 - By Margaret Downey

Sentiment for Kulicke & Soffa Industries Inc (NASDAQ:KLIC)

Kulicke & Soffa Industries Inc (NASDAQ:KLIC) institutional sentiment decreased to 0.88 in Q4 2017. Its down -0.15, from 1.03 in 2017Q3. The ratio dived, as 84 investment professionals opened new and increased holdings, while 96 sold and trimmed stock positions in Kulicke & Soffa Industries Inc. The investment professionals in our partner’s database reported: 58.53 million shares, down from 59.03 million shares in 2017Q3. Also, the number of investment professionals holding Kulicke & Soffa Industries Inc in their top 10 holdings increased from 2 to 3 for an increase of 1. Sold All: 14 Reduced: 82 Increased: 54 New Position: 30.

Kulicke and Soffa Industries, Inc. designs, makes, and sells capital equipment and expendable tools to assemble semiconductor devices. The company has market cap of $1.61 billion. It operates in two divisions, Equipment and Expendable Tools. It has a 60.99 P/E ratio. The Equipment segment makes and sells a line of ball bonders to connect very fine wires made of gold, silver alloy, or copper between the bond pads of the semiconductor devices or dies, and the leads on its package; wafer level bonders, which mechanically applies bumps to dies for some variants of the flip chip assembly process; and wedge bonders to connect semiconductor chips for the power packages, power hybrids, and automotive modules.

The stock increased 2.02% or $0.45 during the last trading session, reaching $22.75. About 556,194 shares traded. Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has risen 21.63% since May 17, 2017 and is uptrending. It has outperformed by 10.08% the S&P500.

Whale Rock Capital Management Llc holds 3.77% of its portfolio in Kulicke and Soffa Industries, Inc. for 3.35 million shares. Penbrook Management Llc owns 137,100 shares or 3% of their US portfolio. Moreover, Copper Rock Capital Partners Llc has 2.34% invested in the company for 1.56 million shares. The California-based Sensato Investors Llc has invested 1.95% in the stock. Eii Capital Management Inc., a New York-based fund reported 91,818 shares.

Since January 1, 0001, it had 0 buys, and 4 insider sales for $35,340 activity.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Ratings Coverage

Ratings analysis reveals 50% of Kulicke & Soffa’s analysts are positive. Out of 2 Wall Street analysts rating Kulicke & Soffa, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $25 while the high is $36.0. The stock’s average target of $29.50 is 29.67% above today’s ($22.75) share price. KLIC was included in 3 notes of analysts from February 1, 2018. The rating was maintained by FBR Capital with “Buy” on Friday, May 11. FBR Capital maintained the shares of KLIC in report on Thursday, February 1 with “Buy” rating.

More notable recent Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Kulicke and Soffa Industries …” on May 11, 2018, also Seekingalpha.com with their article: “Kulicke and Soffa Industries’ (KLIC) CEO Fusen Chen on Q2 2018 Results – Earnings Call Transcript” published on May 11, 2018, Prnewswire.com published: “WeissLaw LLP: Kulicke & Soffa Industries, Inc. is the Subject of a Legal Investigation” on May 14, 2018. More interesting news about Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) were released by: Prnewswire.com and their article: “New Securities Fraud Class Action Against Kulicke & Soffa Industries (KLIC) Has Been Filed; Block & Leviton …” published on May 14, 2018 as well as Globenewswire.com‘s news article titled: “Hagens Berman Alerts Investors in Kulicke & Soffa Industries, Inc. (KLIC) to the July 10, 2018 Securities Class Action …” with publication date: May 16, 2018.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Institutional Positions Chart

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