Kulicke & Soffa CEO sells $3.86 million in widespread inventory

Fusen Ernie Chen, President and CEO of Kulicke & Soffa Industries Inc. (NASDAQ:KLIC), not too long ago bought 80,000 shares of the corporate’s widespread inventory. The shares have been bought at a median weighted value of $48.29, producing a complete of roughly $3.86 million. The transactions occurred on December 5, with share costs starting from $48.00 to $49.48. Following this sale, Chen retains possession of 1,100,765 shares. The corporate, with a market capitalization of $2.6 billion, presents a 1.7% dividend yield and has raised its dividend for seven consecutive years. Need deeper insights? InvestingPro subscribers have entry to 14 further ProTips and a complete analysis report that gives detailed evaluation of KLIC’s monetary well being, valuation metrics, and progress prospects.

In different current information, Kulicke and Soffa (NASDAQ:KLIC) Industries reported its This autumn earnings with a income of $181.3 million and a non-GAAP EPS of $0.34. Regardless of assembly the anticipated earnings for the September quarter, the corporate’s steerage for the December quarter signifies a 9% quarter-over-quarter lower. TD Cowen, in its evaluation, maintained a Maintain ranking on the inventory whereas growing the value goal to $50 from $45. The agency famous constructive developments, together with the choice of Kulicke and Soffa’s thermo-compression bonding instrument by a foundry buyer and the announcement of a brand new $300 million inventory buyback plan. The corporate additionally reported developments in its Copper First Hybrid bonding course of and the set up of over 100 Fluxless Thermo-Compression bonding techniques globally. Moreover, Kulicke and Soffa is increasing into the solid-state EV battery market and expects a income of roughly $165 million for the December quarter with gross margins round 47%. These are among the many current developments for the corporate.

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