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JPMorgan Chase & Co. Sells 163,538 Shares of Kulicke and Soffa Industries, Inc. $KLIC
JPMorgan Chase & Co. significantly reduced its stake in Kulicke and Soffa Industries (KLIC) by selling 163,538 shares, decreasing its total holdings by 43.2% to 215,060 shares valued at $8.74 million. Despite this, other institutional investors like The Manufacturers Life and Jacobs Levy increased their positions, maintaining institutional ownership at approximately 98.22%. KLIC recently surpassed quarterly EPS estimates with a 20.2% YoY revenue increase and holds a MarketBeat consensus rating of “Moderate Buy” with an average target price of $50.50.