On July 29, Kulicke & Soffa fell 8.03% in regular trading, trading at $83.57/share, with turnover of $50.47 million. The semiconductor equipment sector has now experienced selling pressure for a third consecutive trading day.
On the news front, reports indicate that a policy-backed Shanghai-based company has initiated the development and manufacturing of deep ultraviolet (DUV) lithography machines, with plans to produce 5 units this year and a maximum capacity target of 20 units next year. The news, which has been fermenting since last weekend, has intensified market concerns over the China business outlook for global semiconductor equipment manufacturers, broadening sector-wide selling pressure.
Within the Semiconductor Equipment sector, the overall trend remains broadly negative. Among individual stocks, ASML Holding down 2.32%, KLA-Tencor down 7.52%, Applied Materials down 5.39%, Lam Research down 4.65%, while Teradyne rose 4.65%. Kulicke & Soffa is scheduled to report its next quarterly earnings on August 5 after market close, with consensus EPS expectations at $0.87.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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