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Kulicke & Soffa Industries, Inc. - KLIC STOCK NEWS

Welcome to our dedicated news page for Kulicke & Soffa Industries (Ticker: KLIC), a resource for investors and traders seeking the latest updates and insights on Kulicke & Soffa Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kulicke & Soffa Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Kulicke & Soffa Industries, Inc. schedules a conference call to discuss its second fiscal quarter 2024 financial results and business outlook on May 2, 2024. The call will provide insights into the company's performance in the semiconductor, LED, and electronic assembly equipment sectors.
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Rhea-AI Summary
Kulicke and Soffa Industries, Inc. (KLIC) declares a quarterly dividend of $0.20 per share of common stock, payable on April 9, 2024. The dividend is authorized by the Board of Directors and will be distributed to shareholders of record as of March 25, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.45%
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dividends
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Rhea-AI Summary
Kulicke and Soffa Industries, Inc. (KLIC) reported first quarter net revenue of $171.2 million, net income of $9.3 million, and non-GAAP net income of $17.0 million. The company's gross margin was 46.7%, and it repurchased 0.6 million shares of common stock at a cost of $26.8 million. However, the financial results showed a decline in net revenue, gross margin, income from operations, and net income compared to the previous fiscal quarter and the same quarter of the previous year.
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-9.62%
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Kulicke and Soffa Industries, Inc. (KLIC) has announced a conference call to discuss its first fiscal quarter 2024 financial results and business outlook on February 1, 2024. The call will be accessible via phone and webcast, with replays available for a limited time.
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Rhea-AI Sentiment
End-of-Day
3.67%
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Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) announced Q4 2023 financial results, reporting net revenue of $202.3 million, net income of $23.4 million, and EPS of $0.41 per fully diluted share. The company's President and CEO, Fusen Chen, highlighted improvements in the General Semiconductor and LED end markets. Fiscal Year 2023 Financial Highlights include net revenue of $742.5 million, gross margin of 48.3%, and net income of $57.1 million. The first quarter fiscal 2024 outlook expects net revenue of approximately $170.0 million. The company will hold a conference call on November 16, 2023, to discuss the results.
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Rhea-AI Sentiment
End-of-Day
4.73%
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Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) announced a 4th consecutive annual dividend raise, increasing the quarterly dividend by $0.01 to $0.20 per share. The company's consistent shareholder return strategy is highlighted, with the upcoming dividend payment set for January 9, 2024. President and CEO, Fusen Chen, emphasized the company's execution in key growth markets and strategic value creation. During fiscal year 2023, K&S returned a total of $111.2 million to investors through dividend and share repurchase activity, with the repurchase of 1.5 million shares of common stock representing nearly 2.6% of its ending fiscal 2023 share count.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.73%
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dividends
Rhea-AI Summary
Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has received multiple orders for its Thermocompression Bonding (TCB) solutions, primarily supporting Silicon Photonics (SiPh) based Co-Packaged Optics (CPO) applications deployed in high-bandwidth networking transceivers. The company anticipates a series of follow-on CPO orders to support aggressive capacity expansion plans throughout fiscal years 2024 and 2025. Kulicke & Soffa's high-performance advanced packaging solutions are an increasingly critical enabler for leading-edge scaling, allowing higher bandwidth networks, faster machine learning applications, and more advanced mobility features. The company has taken share in several key AI growth markets, including high-performance computing, CPO, and leading-edge heterogeneous integration applications. Demand for K&S TCB solutions has increased dramatically over recent years, and the Company's thermocompression revenue has grown at a 149% CAGR since 2020.
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Rhea-AI Sentiment
End-of-Day
4.73%
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Rhea-AI Summary
Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) will hold a conference call on November 16, 2023, to discuss its fourth fiscal quarter 2023 financial results and business outlook. The financial results will be issued on November 15, 2023. Interested parties can access the call via phone or a live webcast. A replay will be available afterwards.
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Rhea-AI Sentiment
End-of-Day
5.31%
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Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has been honored with the Outstanding Supplier Award from ASE Technology Holding Co., Ltd. for their exceptional performance and commitment in meeting rigorous production requirements. The award recognizes K&S's flexibility in satisfying urgent orders, efficiency in production, and delivery of competitive interconnect solutions through research and development.
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End-of-Day
-1.41%
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Rhea-AI Summary
Kulicke and Soffa Industries declares quarterly dividend of $0.19 per share of common stock.
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Rhea-AI Sentiment
End-of-Day
1.36%
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dividends
Kulicke & Soffa Industries, Inc.

Nasdaq:KLIC

KLIC Rankings

KLIC Stock Data

2.69B
54.28M
3.52%
96.28%
7.29%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States
Fort Washington

About KLIC

kulicke & soffa (nasdaq: klic) is a leading provider of semiconductor packaging and electronic assembly solutions supporting the global automotive, consumer, communications, computing and industrial segments. as a pioneer in the semiconductor space, k&s has provided customers with market leading packaging solutions for decades. in recent years, k&s has expanded its product offerings through strategic acquisitions and organic development, adding advanced packaging, electronics assembly, wedge bonding and a broader range of expendable tools to its core offerings. combined with its extensive expertise in process technology and focus on development, k&s is well positioned to help customers meet the challenges of packaging and assembling the next-generation of electronic devices.