$Kulicke & Soffa(KLIC)$ππ BΝUΝLΝLΝIΝSΝHΝπ
ππ€π KLIC: (Semi) Seriously Bullish! ππ€π
Kia ora Tiger traders!
Kulicke & Soffa (KLIC) is trading premarket at $48.46 (22Nov24, π³πΏNZ 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 π supporting a potential move into the $90+ zone by late 2025.
This stock isnβt just riding the semi wave π§¬βitβs building a bridge to the future. With demand for chips only growing, KLIC is playing chess while the doubters are playing checkers. If youβve got the patience and the vision, this one could be a powerhouse performer.
ππΎ 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, KLICβs story is unfolding beautifullyβchart art at its finest π¨.
π° 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 performanceβKLIC 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 ππ€π
@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.
Kulicke & Soffa (KLIC) Stock Analysis
Company Overview: Kulicke & Soffa is a semiconductor company that specializes in the design and manufacture of semiconductor assembly equipment. With the growing demand for chips, KLIC is well-positioned in the semiconductor industry.
Earnings Forecast: Analysts forecast that KLIC will have a positive earnings per share (EPS) of $1.70 for FY 2025 and $2.58 for FY 2026. The forecasted gross income for FY 2025 is $764.19 million, and the forecasted EBIT (Earnings Before Interest and Taxes) is $73.64 million.
Analyst Recommendations: Among the analysts covering KLIC, there are 3 buy recommendations and 2 hold recommendations.
Target Price: The target price estimates provided by 5 analysts range from $45.0 to $60.0, with a mean target price of $52.0.
Capital Flow Data: In the past 5 days, there have been fluctuations in capital flow for KLIC. On November 14th, there was a net inflow of 3,294.17 thousand units. On November 15th, there was a net outflow of 787.5 thousand units. On November 18th, there was a net outflow of 335.55 thousand units. On November 19th, there was a net outflow of 355.88 thousand units. On November 20th, there was a net inflow of 683.62 thousand units.
Support and Resistance Price: The support price for KLIC on November 21st was $45.9, while the resistance price was $48.5.
Dividend and Financial Position: KLIC has raised its dividend for 7 consecutive years, with a current dividend yield of 1.69%. The company also holds more cash than debt on its balance sheet, indicating a strong financial position.
Recent Earnings Report: In the fourth quarter of 2024, KLIC reported an EPS of $0.22. The company had a gross profit margin of 81.58%, a quick ratio of 4.20, and a current ratio of 5.41. The return on equity (ROE) was 5.06%, and the net profit margin was 6.68%.
Recent 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, indicating a strong stock performance.
Investment Considerations:
KLIC is well-positioned in the growing semiconductor industry with a positive earnings forecast.
The company has a strong financial position and a consistent dividend growth track record.
Analysts have a positive outlook for the stock, with a range of target price estimates.
The recent stock performance has been strong, indicating investor confidence.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and the stock market can be volatile. Always do your own research and consider your risk tolerance before making investment decisions.
Sources: Investing.com, SEC filings
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