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KLIC

Kulicke and Soffa Industries NasdaqGS:KLIC Stock Report

Last Price

US$39.83

Market Cap

US$2.3b

7D

-2.5%

1Y

-39.5%

Updated

23 Sep, 2022

Data

Company Financials +
KLIC fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

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

Summary of all time highs, changes and price drops for Kulicke and Soffa Industries
Historical stock prices
Current Share PriceUS$39.83
52 Week HighUS$73.45
52 Week LowUS$37.36
Beta1.37
1 Month Change-12.15%
3 Month Change-11.25%
1 Year Change-39.50%
3 Year Change70.51%
5 Year Change84.66%
Change since IPO2,097.52%

Recent News & Updates

Sep 15

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.

Sep 08

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.

Aug 31
Should You Investigate Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) At US$43.10?

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...

Aug 30

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.

Shareholder Returns

KLICUS SemiconductorUS Market
7D-2.5%-6.0%-5.2%
1Y-39.5%-29.7%-23.1%

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.

Price Volatility

Is KLIC's price volatile compared to industry and market?
KLIC volatility
KLIC Average Weekly Movement6.5%
Semiconductor Industry Average Movement8.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.8%

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

FoundedEmployeesCEOWebsite
19512,854Fusen Ernie Chenhttps://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

How do Kulicke and Soffa Industries's earnings and revenue compare to its market cap?
KLIC fundamental statistics
Market CapUS$2.31b
Earnings (TTM)US$502.35m
Revenue (TTM)US$1.70b

4.6x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KLIC income statement (TTM)
RevenueUS$1.70b
Cost of RevenueUS$855.69m
Gross ProfitUS$846.95m
Other ExpensesUS$344.60m
EarningsUS$502.35m

Last Reported Earnings

Jul 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.65
Gross Margin49.74%
Net Profit Margin29.50%
Debt/Equity Ratio0%

How did KLIC perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

8%

Payout Ratio