Emerald Mutual Fund Advisers Trust Decreases Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Emerald Mutual Fund Advisers Trust cut its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 18.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,592 shares of the semiconductor company's stock after selling 46,028 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.37% of Kulicke and Soffa Industries worth $6,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KLIC. Envestnet Asset Management Inc. boosted its stake in Kulicke and Soffa Industries by 0.6% in the first quarter. Envestnet Asset Management Inc. now owns 166,647 shares of the semiconductor company's stock worth $5,496,000 after buying an additional 996 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kulicke and Soffa Industries by 1.4% during the first quarter. Principal Financial Group Inc. now owns 266,466 shares of the semiconductor company's stock valued at $8,788,000 after acquiring an additional 3,667 shares in the last quarter. Capital Investment Counsel Inc increased its holdings in Kulicke and Soffa Industries by 3.6% in the 1st quarter. Capital Investment Counsel Inc now owns 34,690 shares of the semiconductor company's stock worth $1,144,000 after buying an additional 1,200 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in Kulicke and Soffa Industries by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 28,663 shares of the semiconductor company's stock worth $945,000 after buying an additional 534 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. increased its holdings in Kulicke and Soffa Industries by 81.0% in the 1st quarter. Total Wealth Planning & Management Inc. now owns 15,667 shares of the semiconductor company's stock worth $517,000 after buying an additional 7,009 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Trading Down 1.7%

Shares of NASDAQ KLIC traded down $0.61 during trading hours on Tuesday, hitting $35.16. 406,520 shares of the company traded hands, compared to its average volume of 579,496. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 97.67 and a beta of 1.54. The company's 50 day moving average price is $34.07 and its 200 day moving average price is $36.87. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $53.31.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.71). The business had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. Kulicke and Soffa Industries had a net margin of 3.11% and a return on equity of 0.76%. The business's revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company earned ($0.95) EPS. Equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 2.33%. Kulicke and Soffa Industries's dividend payout ratio is currently 227.78%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KLIC. TD Cowen lowered their price objective on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. Needham & Company LLC reduced their price objective on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, DA Davidson reduced their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

About Kulicke and Soffa Industries

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.