Shares of the company are trading at $22.01 which is a tad above $20.76, the stock’s 50 day moving average and slightly over the 200 day moving average of $20.75. The 50 day moving average was up $1.25 whereas the 200 day moving average was up $1.26 or +6.09%. (NASDAQ:KLIC) shares saw light trading volume with 4,696 shares changing hands in the last trading session. Volume was down 99.19% under the stocks average daily volume.
Traders are feeling more bullish on shares of Kulicke and Soffa Industries, I of late considering the motion in short interest. The firm recorded a fall in short interest from September 15, 2017 to September 29, 2017 of -0.95%. Short interest decreased from 859,467 to 851,324 over that timeframe. Days to cover decreased from 2.0 to 2.0 and the percentage of shorted shares is 0.01% as of September 29.
These funds have shifted positions in (KLIC). Louisiana State Employees Retirement System cut its holdings by shedding 100 shares a decrease of 0.3% as of 09/30/2017. Louisiana State Employees Retirement System now controls 28,800 shares valued at $621,000. The value of the position overall is up by 12.9%. Bank Of Montreal /can/ added to its investment by buying 58 shares an increase of 10.9%. Bank Of Montreal /can/ owns 590 shares worth $13,000. The total value of its holdings increased 30.0%.
Shell Asset Management CO downsized its stake by selling 1,400 shares a decrease of 2.4% from 06/30/2017 to 09/30/2017. Shell Asset Management CO controls 57,460 shares with a value of $1,239,000. The total value of its holdings increased 10.6%. As of the end of the quarter Robeco Institutional Asset Management B.v. had sold a total of 385,289 shares trimming its position 31.3%. The value of the investment in KLIC decreased from $23,409,000 to $18,237,000 a change of $5,172,000 since the last quarter.
The company’s P/E ratio is 18.30 and the market cap is 1.56B. In the latest earnings report the EPS was $1.20 and is expected to be $1.40 for the current year with 71,097,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.17 with next year’s EPS anticipated to be $1.62.
Kulicke and Soffa Industries, Inc., launched on November 26, 1956, 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. The Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging and surface mount technology solutions. The Expendable Tools segment manufactures 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. Its customers primarily consist of semiconductor device manufacturers, outsourced semiconductor assembly and test providers (OSATs), other electronics manufacturers and automotive electronics suppliers..