Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust cut its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 4.4% during the third quarter, HoldingsChannel.com reports. The fund owned 339,974 shares of the semiconductor company’s stock after selling 15,701 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Kulicke and Soffa Industries were worth $15,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Headlands Technologies LLC purchased a new position in Kulicke and Soffa Industries during the 1st quarter worth $29,000. Signaturefd LLC grew its holdings in shares of Kulicke and Soffa Industries by 226.3% during the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock worth $35,000 after buying an additional 543 shares during the last quarter. Blue Trust Inc. raised its stake in Kulicke and Soffa Industries by 17,075.0% during the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 1,366 shares during the last quarter. Innealta Capital LLC purchased a new stake in Kulicke and Soffa Industries during the 2nd quarter valued at approximately $73,000. Finally, CWM LLC lifted its position in Kulicke and Soffa Industries by 101.8% during the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 970 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KLIC has been the subject of several analyst reports. TD Cowen cut their price target on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. StockNews.com cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Craig Hallum lowered their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.33.

Kulicke and Soffa Industries Stock Up 1.6 %

NASDAQ:KLIC opened at $45.58 on Friday. The firm’s fifty day simple moving average is $43.14 and its 200-day simple moving average is $45.26. The stock has a market cap of $2.48 billion, a PE ratio of -43.83 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $38.20 and a fifty-two week high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share 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 company had revenue of $181.70 million for the quarter, compared to analyst estimates of $179.28 million. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.45 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -76.92%.

Kulicke and Soffa Industries Company 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.