The stock of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) hit a new 52-week high and has $21.62 target or 41.00% above today’s $15.33 share price. The 9 months bullish chart indicates low risk for the $1.14 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $21.62 price target is reached, the company will be worth $467.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.58% or $0.53 during the last trading session, hitting $15.33. About 728,325 shares traded hands or 151.04% up from the average. Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) has risen 31.32% since April 15, 2016 and is uptrending. It has outperformed by 26.70% the S&P500.
According to Zacks Investment Research, “Kulicke and Soffa Inds. designs, manufactures and markets capital equipment and packaging materials for sale to companies that manufacture and assemble semiconductor devices. They also service, maintain, repair and upgrade assembly equipment. They are one of the world’s largest suppliers of semiconductor assembly equipment. The company’s business is divided into three segments: equipment, packaging materials and advanced packaging technology.”
Insitutional Activity: The institutional sentiment decreased to 1.24 in 2016 Q2. Its down 0.09, from 1.33 in 2016Q1. The ratio is negative, as 19 funds sold all Kulicke and Soffa Industries Inc. shares owned while 47 reduced positions. 25 funds bought stakes while 57 increased positions. They now own 52.85 million shares or 0.74% more from 52.46 million shares in 2016Q1.
Blackrock Institutional Com Na reported 1.15M shares or 0% of all its holdings. Prudential Public Ltd Co accumulated 30,500 shares or 0% of the stock. Qs Investors Ltd Com holds 0% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) for 1,370 shares. Louisiana State Employees Retirement owns 31,200 shares or 0.02% of their US portfolio. Schwab Charles Inv Management accumulated 0% or 172,351 shares. Winslow Asset Mngmt has 14,750 shares for 0.04% of their US portfolio. Northern Tru Corporation holds 0% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) for 406,593 shares. Moreover, Natl Bank Of America Corporation De has 0% invested in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) for 202,096 shares. Aperio Grp Incorporated Ltd Liability Com reported 11,388 shares or 0% of all its holdings. California Pub Employees Retirement System reported 313,370 shares or 0.01% of all its holdings. Goldman Sachs Inc owns 331,639 shares or 0% of their US portfolio. Vanguard Grp Inc Inc accumulated 0% or 1.64M shares. Pinebridge Investments L P has invested 0.01% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC). Oxford Asset Mngmt owns 858,086 shares or 0.44% of their US portfolio. Sector Pension Inv Board accumulated 0.01% or 50,384 shares.
Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 6 selling transactions for $322,433 net activity. $63,402 worth of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) was sold by Wong Lester A on Thursday, August 11. BACHMAN BRIAN R had sold 2,442 shares worth $34,188 on Thursday, November 10. $75,833 worth of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares were sold by Lee Yih-Neng. $128,800 worth of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares were sold by Wong Nelson MunPun.
More recent Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) news were published by: Fool.com which released: “Why Kulicke and Soffa Industries Inc. Stock Popped Today” on February 03, 2016. Also Twst.com published the news titled: “K&S – Kulicke and Soffa Industries Inc.: Kulicke & Soffa Appoints Fusen Chen …” on October 03, 2016. Businesswire.com‘s news article titled: “Kulicke & Soffa Industries, Inc. Announces CEO Retirement and Appointment of …” with publication date: October 05, 2015 was also an interesting one.
KLIC Company Profile
Kulicke and Soffa Industries, Inc., incorporated on November 26, 1956, designs, makes and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Firm supplies a range of bonding equipment. The Firm operates through two divisions: Equipment and Expendable Tools. The Equipment segment makes and sells a line of ball bonders, wedge bonders, advanced packaging and surface mount technology solutions. The Expendable Tools segment makes and sells expendable tools for a range of semiconductor packaging applications. It offers capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits (ICs), high and low powered discrete devices, light-emitting diodes (LEDs) and power modules. The Company’s clients primarily consist of semiconductor device manufacturers, outsourced semiconductor assembly and test providers (OSATs), other electronics manufacturers and automotive electronics suppliers.
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