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

Emerald Advisers LLC trimmed its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 402,454 shares of the semiconductor company’s stock after selling 50,491 shares during the quarter. Emerald Advisers LLC owned 0.75% of Kulicke and Soffa Industries worth $18,779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in Kulicke and Soffa Industries by 137.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 414 shares during the period. GAMMA Investing LLC boosted its holdings in Kulicke and Soffa Industries by 61.0% during the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 387 shares during the period. Signaturefd LLC boosted its holdings in Kulicke and Soffa Industries by 35.5% during the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 278 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Kulicke and Soffa Industries by 397.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 918 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Kulicke and Soffa Industries during the 3rd quarter valued at about $53,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KLIC has been the subject of a number of research analyst reports. StockNews.com upgraded 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 set a $53.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC opened at $35.76 on Friday. The stock has a 50-day simple moving average of $41.15 and a 200-day simple moving average of $44.16. The stock has a market capitalization of $1.91 billion, a PE ratio of 298.00 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 1 year low of $34.84 and a 1 year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data 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 net margin of 0.48% and a negative return on equity of 1.26%. Analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.29%. The ex-dividend date is Thursday, March 20th. 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.