Emerald Mutual Fund Advisers Trust Purchases 48,524 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Emerald Mutual Fund Advisers Trust raised its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 28.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 222,116 shares of the semiconductor company’s stock after acquiring an additional 48,524 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.43% of Kulicke and Soffa Industries worth $9,027,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KLIC. True Wealth Design LLC raised its holdings in shares of Kulicke and Soffa Industries by 7,609.1% in the second quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 837 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Kulicke and Soffa Industries by 2,665.7% during the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 933 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Kulicke and Soffa Industries in the second quarter valued at $34,000. Covestor Ltd increased its stake in Kulicke and Soffa Industries by 57.3% in the 3rd quarter. Covestor Ltd now owns 1,858 shares of the semiconductor company’s stock valued at $76,000 after buying an additional 677 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Kulicke and Soffa Industries by 404.2% during the 2nd quarter. Signaturefd LLC now owns 2,304 shares of the semiconductor company’s stock worth $80,000 after buying an additional 1,847 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and issued a $55.00 price objective on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a research report on Monday, December 29th. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC upped their price objective on Kulicke and Soffa Industries from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, B. Riley reissued a “neutral” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.00.

Insider Transactions at Kulicke and Soffa Industries

In related news, General Counsel Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the general counsel owned 23,714 shares of the company’s stock, valued at approximately $1,067,130. The trade was a 4.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Nelson Munpun Wong sold 30,000 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $56.53, for a total transaction of $1,695,900.00. Following the completion of the transaction, the senior vice president owned 126,369 shares in the company, valued at approximately $7,143,639.57. This trade represents a 19.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 36,004 shares of company stock valued at $1,991,450. 3.40% of the stock is currently owned by corporate insiders.

Kulicke and Soffa Industries Stock Up 0.1%

Shares of NASDAQ KLIC opened at $59.51 on Friday. The business’s 50 day moving average price is $48.07 and its two-hundred day moving average price is $41.50. The company has a market cap of $3.12 billion, a PE ratio of -2,974.01 and a beta of 1.63. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $60.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Thursday, November 20th. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. Kulicke and Soffa Industries had a negative return on equity of 1.64% and a net margin of 0.03%.The company had revenue of $177.56 million during the quarter, compared to the consensus estimate of $169.84 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Thursday, December 18th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.82 annualized dividend and a dividend yield of 1.4%. Kulicke and Soffa Industries’s dividend payout ratio is presently -4,100.00%.

About Kulicke and Soffa Industries

Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.

Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.