Emerald Advisers LLC Boosts Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Emerald Advisers LLC lifted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 57.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 443,002 shares of the semiconductor company’s stock after purchasing an additional 161,791 shares during the period. Emerald Advisers LLC owned approximately 0.80% of Kulicke and Soffa Industries worth $21,791,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KLIC. Headlands Technologies LLC acquired a new position in shares of Kulicke and Soffa Industries in the first quarter worth $29,000. Principal Securities Inc. acquired a new position in Kulicke and Soffa Industries during the 4th quarter worth $33,000. Quadrant Capital Group LLC increased its holdings in Kulicke and Soffa Industries by 29.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 272 shares during the period. CWM LLC raised its position in Kulicke and Soffa Industries by 53.4% in the 1st quarter. CWM LLC now owns 1,195 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 416 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Kulicke and Soffa Industries by 17,075.0% in the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 1,366 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KLIC. TD Cowen cut their target price on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Craig Hallum dropped their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.33.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC stock opened at $38.57 on Friday. The stock’s 50-day moving average is $45.20 and its two-hundred day moving average is $46.79. Kulicke and Soffa Industries, Inc. has a 1 year low of $38.20 and a 1 year high of $56.71. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -32.41 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The firm had revenue of $181.70 million for the quarter, compared to the consensus estimate of $179.28 million. During the same quarter last year, the business posted $0.55 EPS. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, research analysts predict that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 19th will be given a $0.20 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.80 annualized dividend and a yield of 2.07%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.23%.

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.