Emerald Mutual Fund Advisers Trust Has $6.55 Million Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its position in Kulicke and Soffa Industries by 1,770.2% during the 1st quarter. GAMMA Investing LLC now owns 19,095 shares of the semiconductor company's stock worth $579,000 after acquiring an additional 18,074 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Kulicke and Soffa Industries by 99.7% in the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock valued at $40,000 after buying an additional 606 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $548,000. Vanguard Group Inc. grew its position in shares of Kulicke and Soffa Industries by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock valued at $152,975,000 after buying an additional 50,430 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $2,916,000. Institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ:KLIC traded down $0.69 during midday trading on Friday, reaching $36.26. The company's stock had a trading volume of 451,074 shares, compared to its average volume of 580,917. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 100.73 and a beta of 1.54. The firm has a 50 day moving average price of $34.01 and a two-hundred day moving average price of $37.11. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $53.71.

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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The business had revenue of $161.99 million during the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a net margin of 3.11% and a return on equity of 0.76%. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.95) earnings per share. As a group, research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Thursday, June 19th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, June 18th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 227.78%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. DA Davidson reduced their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. TD Cowen reduced their price target 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. Finally, Needham & Company LLC reduced their price target on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of "Moderate Buy" and an average 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.