Emerald Mutual Fund Advisers Trust Has $11.41 Million Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Emerald Mutual Fund Advisers Trust lowered its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,620 shares of the semiconductor company's stock after selling 95,354 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.46% of Kulicke and Soffa Industries worth $11,414,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of Kulicke and Soffa Industries by 85.2% in the third quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock worth $4,361,000 after acquiring an additional 44,429 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Kulicke and Soffa Industries during the 4th quarter worth approximately $548,000. Rhumbline Advisers raised its holdings in Kulicke and Soffa Industries by 8.2% during the 4th quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company's stock worth $7,628,000 after buying an additional 12,355 shares during the period. Empowered Funds LLC bought a new position in Kulicke and Soffa Industries in the fourth quarter valued at approximately $346,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 1.6% in the fourth 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 period. Institutional investors and hedge funds own 98.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Kulicke and Soffa Industries Price Performance

KLIC stock traded up $1.00 during midday trading on Friday, hitting $33.22. The company's stock had a trading volume of 419,499 shares, compared to its average volume of 545,952. The company's fifty day moving average price is $33.43 and its 200 day moving average price is $41.71. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $53.71. The stock has a market capitalization of $1.77 billion, a P/E ratio of 276.83 and a beta of 1.50.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. Equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.47%. Kulicke and Soffa Industries's payout ratio is 683.33%.

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.