Emerald Mutual Fund Advisers Trust Buys 135,444 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Emerald Mutual Fund Advisers Trust boosted its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 61.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 355,675 shares of the semiconductor company’s stock after buying an additional 135,444 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.64% of Kulicke and Soffa Industries worth $17,496,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KLIC. Charles Schwab Investment Management Inc. lifted its stake in shares of Kulicke and Soffa Industries by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 657,783 shares of the semiconductor company’s stock valued at $35,994,000 after purchasing an additional 21,687 shares during the period. Principal Securities Inc. bought a new position in Kulicke and Soffa Industries in the fourth quarter worth $33,000. Teacher Retirement System of Texas lifted its position in Kulicke and Soffa Industries by 64.3% during the fourth quarter. Teacher Retirement System of Texas now owns 14,272 shares of the semiconductor company’s stock valued at $781,000 after buying an additional 5,585 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at $202,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth about $619,000. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $38.57 on Friday. Kulicke and Soffa Industries, Inc. has a 1 year low of $38.20 and a 1 year high of $56.71. The firm’s 50-day moving average is $45.20 and its 200 day moving average is $46.79. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -32.41 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The firm had revenue of $181.70 million for the quarter, compared to the consensus estimate of $179.28 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts expect that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.80 annualized dividend and a yield of 2.07%. Kulicke and Soffa Industries’s dividend payout ratio is -67.23%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. TD Cowen lowered their price target on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Craig Hallum lowered their target price on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $47.33.

Kulicke and Soffa Industries Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.