KLIC Stock Overview
Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices.
Kulicke and Soffa Industries, Inc. Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$39.83|
|52 Week High||US$73.45|
|52 Week Low||US$37.36|
|1 Month Change||-12.15%|
|3 Month Change||-11.25%|
|1 Year Change||-39.50%|
|3 Year Change||70.51%|
|5 Year Change||84.66%|
|Change since IPO||2,097.52%|
Recent News & Updates
Kulicke And Soffa Industries: Strong Growth Prospect Despite The Economic Headwinds
Summary Recently, the company announced that it had inked an agreement to acquire Advanced Jet Automation. The forward P/E of the company is 72% lower compared to the sector median. I believe economic headwinds might continue affecting the share price in the coming period. Investment Thesis Kulicke and Soffa Industries (NASDAQ:KLIC) is a manufacturer and distributor of capital equipment and tools used to produce semiconductor devices. Recently, the company announced that it had signed an agreement to acquire Advanced Jet Automation. I believe this event can act as a primary growth catalyst for the company in the coming period. About Kulicke and Soffa Industries KLIC is a producer and distributor of capital equipment and tools which are utilized to develop semiconductor devices, including high & low powered discrete devices, light-emitting diodes (LED), integrated circuits, and power modules. The company operates its business through two segments: Capital Equipment and Aftermarket Products & Services (APS). The company earns 86% of the total revenue from the Capital Equipment segment, while 14% is generated from the Aftermarket Products & Services segment. The Capital Equipment segment serves customers from four end markets: General Semiconductor, Automotive & Industrial, LED, and Memory. The company earns 70% of the total revenue of the Capital Equipment segment from the General Semiconductor market. The company's customer base is concentrated in the Asia/Pacific region, and it generates 96% of revenue from this region. Revenue Segmentation (Annual Report of KLIC) The semiconductor business is highly volatile and cyclical in nature. But in the long-term, industry and company both have maintained strong growth. The revenue and EPS of the company have grown at 13.44% and 24.97% 5-year CAGR, respectively. The company has decided to acquire Advanced Jet Automation to boost its growth. Acquisition of Advanced Jet Automation Recently, the company announced that it had inked an agreement to acquire Advanced Jet Automation (AJA). Following the transaction's completion, the company will be the owner of specific dispensing assets and the operation of its subsidiary, Samurai Spirit Inc, which is a designer and producer of high-precision micro dispensing equipment in Taiwan. The acquisition gives KLIC access to the production of dispensing equipment capable of flux, solder paste, adhesives, epoxy, and underfill applications. The most important part of this acquisition is AJA's proprietary dispensing head actuator integrated with AI software which provides process positioning accuracy, which I think can be a significant competitive advantage for the company. I believe this acquisition might act as a primary growth factor for the company in the coming years as it can improve and expand the product portfolio of electronic assembly, semiconductor, and advanced display and provide an entry broader dispensing equipment market. AJA's business and market position can help the company to target long-term opportunities in advanced packaging, mini & micro-LED, and electronics assembly market. I believe the investors can expect accelerated growth in the coming years as AJA's product and technology synergize perfectly with KLIC's existing product portfolio and will give access to the new market, which is expected to reach a $2 billion valuation in 2023. The effects of this acquisition will be visible in the second half of FY2023. What Is The Main Risk Faced By KLIC? Volatile Market Environment Even though the semiconductor industry cycle can be distinct from the state of the world economy, it is possible that it will directly affect demand for semiconductor units and, subsequently, for semiconductor capital tools and equipment. As a result, changes in the macro conditions have an impact on the business and financial results, both favorably and unfavorably. Customers' spending is based on the existing and projected market demand for semiconductors and the products that require semiconductors, such as mobile phones, personal computers, consumer electronics, automobile parts, electric vehicles, and other industrial goods. Reduced demand, inconsistent inventory levels, interest rate fluctuations, higher energy prices, or other conditions that affect the macroeconomic environment could have a negative impact on the company's financial situation and operating results. These conditions include government, economic & fiscal instability, pandemics, etc.
Kulicke & Soffa to expand competencies and market presence
Kulicke and Soffa Industries (NASDAQ:KLIC) subsidiary Kulicke and Soffa Luxembourg has signed a definitive agreement for the acquisition of Advanced Jet Automation, which at closing will own designated dispensing assets and the dispensing business of its affiliate, Samurai Spirit. When completed, the acquisition will enhance the Company's existing semiconductor, electronic assembly and advanced display portfolio while also providing new access to the broader dispensing market. The dispensing equipment market is expected to approach $2B in calendar year 2023, providing K&S with new growth opportunities. The acquisition is expected to close in the Q2 of the Company's fiscal 2023.
Should You Investigate Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) At US$43.10?
While Kulicke and Soffa Industries, Inc. ( NASDAQ:KLIC ) might not be the most widely known stock at the moment, it saw...
Kulicke and Soffa Industries declares $0.17 dividend
Kulicke and Soffa Industries (NASDAQ:KLIC) declares $0.17/share quarterly dividend, in line with previous. Forward yield 1.57% Payable Oct. 9; for shareholders of record Sept. 22; ex-div Sept. 21.
|KLIC||US Semiconductor||US Market|
Return vs Industry: KLIC underperformed the US Semiconductor industry which returned -29.1% over the past year.
Return vs Market: KLIC underperformed the US Market which returned -21.6% over the past year.
|KLIC Average Weekly Movement||6.5%|
|Semiconductor Industry Average Movement||8.1%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: KLIC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: KLIC's weekly volatility (7%) has been stable over the past year.
About the Company
|1951||2,854||Fusen Ernie Chen||https://www.kns.com|
Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.
Kulicke and Soffa Industries, Inc. Fundamentals Summary
|KLIC fundamental statistics|
Is KLIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KLIC income statement (TTM)|
|Cost of Revenue||US$855.69m|
Last Reported Earnings
Jul 02, 2022
Next Earnings Date
|Earnings per share (EPS)||8.65|
|Net Profit Margin||29.50%|
How did KLIC perform over the long term?See historical performance and comparison