Price Action To Observe: Time to Reconsider Kulicke and Soffa Industries Inc. After Making 52-Week High?

Price Action To Observe: Time to Reconsider Kulicke and Soffa Industries Inc. After Making 52 Week High?

The stock of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) hit a new 52-week high and has $16.87 target or 9.00% above today’s $15.48 share price. The 8 months bullish chart indicates low risk for the $1.13 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $16.87 price target is reached, the company will be worth $101.70 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. About 92,966 shares traded hands. Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) has risen 37.84% since April 20, 2016 and is uptrending. It has outperformed by 33.28% the S&P500.

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

Out of 2 analysts covering Kulicke and Soffa Industries (NASDAQ:KLIC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Kulicke and Soffa Industries has been the topic of 3 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) earned “Sell” rating by Zacks on Thursday, August 6. The firm has “Hold” rating given on Friday, November 18 by Standpoint Research.

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 2016 Q2. Its up 0.16, from 1.24 in 2016Q1. The ratio is positive, 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.
Jpmorgan Chase And last reported 0% of its portfolio in the stock. Ls Advsr Limited Liability Corporation has 2,403 shares for 0% of their US portfolio. Nordea Inv Management has 0.01% invested in the company for 322,227 shares. The New York-based Breithorn Cap Management has invested 7.03% in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC). Art Advsrs Limited Liability Corporation, a New York-based fund reported 72,133 shares. Comerica Bancorporation last reported 0.01% of its portfolio in the stock. Eagle Ridge Inv accumulated 28,020 shares or 0.08% of the stock. Gsa Partners Limited Liability Partnership owns 16,117 shares or 0.01% of their US portfolio. Cap Fund Mgmt, a France-based fund reported 13,100 shares. Blackrock Grp last reported 0% of its portfolio in the stock. Pnc Financial Gru last reported 27,626 shares in the company. Connor Clark Lunn Invest Ltd has invested 0.01% of its portfolio in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC). Deutsche Fincl Bank Ag accumulated 169,979 shares or 0% of the stock. Blackrock Institutional Trust Company Na holds 1.15 million shares or 0% of its portfolio. Citigroup Inc has 0% invested in the company for 35,154 shares.

Insider Transactions: Since July 1, 2016, the stock had 1 insider purchase, and 7 sales for $333,287 net activity. 1,335 shares were sold by BACHMAN BRIAN R, worth $20,025. Wong Lester A had sold 5,001 shares worth $63,402. Wong Nelson MunPun sold $128,800 worth of stock. CHEN FUSEN ERNIE bought $9,171 worth of stock or 600 shares. Another trade for 5,883 shares valued at $75,833 was made 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. Businesswire.com‘s article titled: “Kulicke & Soffa Industries, Inc. Announces CEO Retirement and Appointment of …” and published on October 05, 2015 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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