Wedge Capital Management L L P NC lowered its stake in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 38.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,842 shares of the semiconductor company’s stock after selling 5,625 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Kulicke and Soffa Industries were worth $208,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Financial Gravity Wealth Inc. lifted its stake in shares of Kulicke and Soffa Industries by 348.4% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,780 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 1,383 shares during the period. Russell Investments Group Ltd. acquired a new stake in Kulicke and Soffa Industries during the 2nd quarter worth $51,000. Tower Research Capital LLC TRC raised its stake in Kulicke and Soffa Industries by 25,411.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,296 shares of the semiconductor company’s stock worth $52,000 after buying an additional 2,287 shares during the period. Quantamental Technologies LLC raised its stake in Kulicke and Soffa Industries by 31.2% during the 2nd quarter. Quantamental Technologies LLC now owns 3,378 shares of the semiconductor company’s stock worth $76,000 after buying an additional 804 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in Kulicke and Soffa Industries during the 2nd quarter worth $202,000. 90.89% of the stock is currently owned by institutional investors.

Shares of KLIC traded down $0.12 during midday trading on Friday, hitting $25.26. The stock had a trading volume of 238,200 shares, compared to its average volume of 416,912. The company has a 50 day simple moving average of $23.72 and a two-hundred day simple moving average of $22.12. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.85 and a quick ratio of 4.33. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 10.40 and a beta of 1.36. Kulicke and Soffa Industries Inc. has a twelve month low of $17.40 and a twelve month high of $25.74.

Several analysts recently commented on KLIC shares. Zacks Investment Research downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. BidaskClub raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, ValuEngine downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.50.

In other Kulicke and Soffa Industries news, Director Brian R. Bachman sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the sale, the director now directly owns 23,293 shares in the company, valued at $582,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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

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