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

Emerald Advisers LLC grew its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 2.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 452,945 shares of the semiconductor company’s stock after purchasing an additional 9,943 shares during the quarter. Emerald Advisers LLC’s holdings in Kulicke and Soffa Industries were worth $20,441,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KLIC. Texas Permanent School Fund Corp raised its holdings in Kulicke and Soffa Industries by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 49,309 shares of the semiconductor company’s stock worth $2,481,000 after buying an additional 525 shares during the last quarter. Quantbot Technologies LP raised its holdings in Kulicke and Soffa Industries by 64.7% in the first quarter. Quantbot Technologies LP now owns 20,954 shares of the semiconductor company’s stock worth $1,054,000 after buying an additional 8,235 shares during the last quarter. SG Americas Securities LLC raised its holdings in Kulicke and Soffa Industries by 78.2% in the first quarter. SG Americas Securities LLC now owns 25,585 shares of the semiconductor company’s stock worth $1,287,000 after buying an additional 11,230 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in Kulicke and Soffa Industries by 8.1% in the first quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company’s stock worth $32,619,000 after buying an additional 48,590 shares during the last quarter. Finally, Heartland Advisors Inc. raised its holdings in shares of Kulicke and Soffa Industries by 813.0% during the first quarter. Heartland Advisors Inc. now owns 95,606 shares of the semiconductor company’s stock valued at $4,810,000 after purchasing an additional 85,134 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Trading Up 1.6 %

NASDAQ KLIC traded up $0.72 during trading hours on Friday, hitting $45.58. 495,933 shares of the company’s stock traded hands, compared to its average volume of 440,989. The business’s fifty day moving average price is $43.14 and its two-hundred day moving average price is $45.26. The firm has a market capitalization of $2.48 billion, a P/E ratio of -43.83 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 52 week low of $38.20 and a 52 week high of $56.71.

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

Kulicke and Soffa Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KLIC shares. TD Cowen decreased their price objective on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Craig Hallum decreased their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $47.33.

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.