@Barcode：$Kulicke & Soffa(KLIC)$📈🚀 B͛U͛L͛L͛I͛S͛H͛🐂 📈🤖📈 KLIC: (Semi) Seriously Bullish! 📈🤖📈 Kia ora Tiger traders! Kulicke & Soffa (KLIC) is trading premarket at $48.46 (22Nov24, 🇳🇿NZ Time), and this semiconductor darling is shaping up as a must-watch heading into next year. The chart shows a clean, bullish setup, with a solid upward trendline 📐 supporting a potential move into the $90+ zone by late 2025. This stock isn’t just riding the semi wave 🧬—it’s building a bridge to the future. With demand for chips only growing, KLIC is playing chess while the doubters are playing checkers. If you’ve got the patience and the vision, this one could be a powerhouse performer. 🚀💾 Time to keep an eye on this stealthy mover. Will it reach for the silicon skies, or is there still more consolidation ahead? Either way, KLIC’s story is unfolding beautifully—chart art at its finest 🎨. 📰 Source: Investing.com Kulicke & Soffa executive vice president sells $2.08 million in shares. Chong Chan Pin, Executive Vice President of Kulicke & Soffa Industries Inc. (NASDAQ:KLIC), has sold a substantial portion of his holdings in the company. According to a recent SEC filing, Chong offloaded a total of 45,000 shares over two days, realizing approximately $2.08 million. The shares were sold at prices ranging from $46.00 to $46.53. On November 19, Chong sold 9,730 shares at an average price of $46.067, followed by an additional sale of 35,270 shares on November 20 at an average price of $46.267. Following these transactions, Chong retains ownership of 46,646 shares in the company. In other recent news, Kulicke and Soffa (NASDAQ:KLIC) Industries reported Q4 earnings and revenue figures, which aligned with expectations. The company announced a Q4 revenue of $181.3 million and non-GAAP EPS of $0.34. However, the company's guidance for the December quarter indicates a 9% quarter-over-quarter decrease, which falls short of consensus estimates. TD Cowen, in its recent assessment, maintained a Hold rating on the company's stock, despite highlighting positive developments such as the selection of Kulicke and Soffa's thermo-compression bonding tool by a foundry customer and the announcement of a new $300 million stock buyback plan. In addition, the company announced growth in its core segments, advancements in its Copper First Hybrid bonding process, and its expansion into the solid-state EV battery market. Kulicke and Soffa also reported that over 100 Fluxless Thermo-Compression bonding systems have been installed globally. The company anticipates a revenue of approximately $165 million for the December quarter with gross margins around 47%. These are the recent developments in the company's operations, as it continues to strengthen its market position and shareholder returns. InvestingPro Insights While Chong Chan Pin's recent sale of Kulicke & Soffa Industries Inc. (NASDAQ:KLIC) shares might raise eyebrows, it's essential to consider the broader financial context of the company. According to InvestingPro data, KLIC's market capitalization stands at $2.6 billion, with the stock trading at a price-to-book ratio of 2.67 as of the last twelve months ending Q4 2024. Despite the insider sale, there are positive indicators for KLIC. An InvestingPro Tip highlights that management has been aggressively buying back shares, which often signals confidence in the company's future prospects. Additionally, KLIC holds more cash than debt on its balance sheet, suggesting a strong financial position. The company's dividend policy is also noteworthy. KLIC has raised its dividend for 7 consecutive years, with a current dividend yield of 1.69%. This consistent dividend growth, coupled with a high shareholder yield, may appeal to income-focused investors. However, it's important to note that KLIC was not profitable over the last twelve months, with a negative operating income margin of 6.06%. Despite this, analysts predict the company will return to profitability this year, which could explain the recent strong stock performance—KLIC has seen a 12.88% price total return over the past month and a 15.26% return over the last three months. Happy trading ahead. Cheers, BC 🍀🤖🍀 @Tiger_comments @TigerStars @TigerPicks @Daily_Discussion @TigerPM @TigerObserver @TigerGPT Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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