Is Kulicke and Soffa Stock a Buy Even as One Fund Dumps a $10 Million Stake?

New York City-based Summit Street Capital Management fully exited its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC), reducing holdings by 281,812 shares during the quarter and resulting in an estimated $9.8 million position change, according to a November 14 SEC filing.According to a Securities and Exchange Commission (SEC) filing dated November 14, Summit Street Capital Management reported a complete sale of its Kulicke and Soffa Industries, Inc. position during the third quarter. The move eliminated a stake that previously accounted for 281,812 shares, with a transaction value based on average quarterly pricing of $9.8 million.Summit Street Capital Management's KLIC stake was previously 1.6% of AUM.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool