Notable Reporting: Time to Buy Kulicke and Soffa Industries Inc. After Today’s Significant Decline?

Notable Reporting: Time to Buy Kulicke and Soffa Industries Inc. After Today's Significant Decline?

The stock of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) is a huge mover today! About 593,857 shares traded hands or 92.02% up from the average. Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) has risen 37.12% since April 18, 2016 and is uptrending. It has outperformed by 32.69% the S&P500.
The move comes after 5 months negative chart setup for the $1.06 billion company. It was reported on Nov, 18 by Barchart.com. We have $13.49 PT which if reached, will make NASDAQ:KLIC worth $74.20M less.

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 increased to 1.4 in Q2 2016. Its up 0.16, from 1.24 in 2016Q1. The ratio increased, 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.
Bainco Intl Invsts holds 14,400 shares or 0.04% of its portfolio. Principal Gp last reported 0.01% of its portfolio in the stock. Walleye Trading Ltd Liability Com last reported 0% of its portfolio in the stock. Gsa Partners Ltd Liability Partnership accumulated 0.01% or 16,117 shares. Highbridge Cap Management Lc last reported 44,666 shares in the company. Envestnet Asset Mgmt Inc accumulated 0% or 8,450 shares. Synovus Financial has 0.01% invested in the company for 40,991 shares. Millennium Mgmt Ltd Liability holds 0.01% or 310,041 shares in its portfolio. Deutsche Financial Bank Ag has 169,979 shares for 0% of their US portfolio. State Of Tennessee Treasury Department has invested 0% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC). Thompson Siegel Walmsley Limited Liability, a Virginia-based fund reported 1.21M shares. Tci Wealth Advsr Incorporated holds 115 shares or 0% of its portfolio. Pinebridge Invs Limited Partnership holds 0.01% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) for 8,926 shares. Wealthtrust Axiom Lc holds 0.09% or 19,000 shares in its portfolio. Cubist Systematic Strategies Ltd accumulated 27,163 shares or 0.02% of the stock.

Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 6 sales for $322,433 net activity. BACHMAN BRIAN R had sold 2,442 shares worth $34,188. 10,000 Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares with value of $128,800 were sold by Wong Nelson MunPun. 5,001 Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares with value of $63,402 were sold by Wong Lester A. Shares for $75,833 were sold by Lee Yih-Neng on Thursday, August 18.

More news for Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) were recently published by: Fool.com, which released: “Why Kulicke and Soffa Industries Inc. Stock Popped Today” on February 03, 2016. Twst.com‘s article titled: “K&S – Kulicke and Soffa Industries Inc.: Kulicke & Soffa Appoints Fusen Chen …” and published on October 03, 2016 is yet another important article.

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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