Fox Run Management L.L.C. reduced its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 43.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,000 shares of the semiconductor company’s stock after selling 12,200 shares during the period. Fox Run Management L.L.C.’s holdings in Kulicke and Soffa Industries were worth $304,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KLIC. Quadrature Capital Ltd bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth approximately $205,000. Tudor Investment Corp Et Al bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth approximately $165,000. Envestnet Asset Management Inc. increased its stake in Kulicke and Soffa Industries by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,634 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,482 shares during the period. State Street Corp increased its stake in Kulicke and Soffa Industries by 27.8% in the fourth quarter. State Street Corp now owns 403,070 shares of the semiconductor company’s stock worth $6,430,000 after buying an additional 87,571 shares during the period. Finally, AQR Capital Management LLC increased its stake in Kulicke and Soffa Industries by 15.9% in the fourth quarter. AQR Capital Management LLC now owns 139,534 shares of the semiconductor company’s stock worth $2,226,000 after buying an additional 19,093 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) opened at 22.53 on Friday. Kulicke and Soffa Industries, Inc. has a 52-week low of $11.29 and a 52-week high of $23.00. The firm has a 50-day moving average of $21.01 and a 200-day moving average of $20.24. The company has a market cap of $1.60 billion, a P/E ratio of 18.47 and a beta of 1.24.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The business had revenue of $199.60 million during the quarter, compared to analysts’ expectations of $190.89 million. Kulicke and Soffa Industries had a net margin of 12.19% and a return on equity of 10.59%. The business’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. Equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post $1.39 earnings per share for the current year.

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A number of equities research analysts have commented on KLIC shares. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 5th. B. Riley reaffirmed a “buy” rating and issued a $31.00 target price on shares of Kulicke and Soffa Industries in a research report on Thursday, June 29th. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $28.50.

About Kulicke and Soffa Industries

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.

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

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