Kulicke & Soffa Industries (KLIC) Stock News, Aug 2024-Jan 2025

Kulicke & Soffa (NASDAQ: KLIC) has completed its $800 million share repurchase program initiated in Q4 2017, buying back approximately 22.7 million shares at an average price of $35.25 per share. The company has announced a new $300 million share repurchase program. Since 2014, K&S has deployed $900 million to repurchase 30.9 million shares at an average price of $29.12 per share. As of Q4 2024, the company holds $577.1 million in cash, cash equivalents and short-term investments, with approximately 54.9 million weighted average shares outstanding.

Kulicke & Soffa (NASDAQ: KLIC) has secured an order from a leading foundry for multiple APTURA™ Fluxless TCB systems. This order supports the expanding global adoption of advanced packaging in semiconductor production. Kulicke & Soffa has delivered over 30 FTC systems to five different customers. The APTURA™ FTC system is the first to enable high-volume FTC in a production environment, supporting various material configurations and ultra-fine pitch direct Cu-to-Cu bonding down to 8µm, with potential to scale to 3µm. Prior FTC solutions were to 30µm pitch. The growing adoption of FTC technology highlights its potential to lower design costs, reduce yield challenges, and increase transistor density. Kulicke & Soffa anticipates a 40-50% sequential growth in its TCB business for fiscal year 2025, driven by adoption in advanced computing, optical, communications, and industrial markets.

Kulicke and Soffa Industries (NASDAQ: KLIC) and ROHM Semiconductor (TYO: 6963) have announced the development of a new CuFirst™ Hybrid Bonding Process leveraging K&S's Fluxless Thermo-Compression (FTC) technology. The new process, integrated with the APTURA™ FTC system, aims to address limitations of existing hybrid bonding solutions, such as yield challenges and high costs. The CuFirst process bonds the copper interconnect first, leading to higher yields and lower infrastructure costs. K&S expects its TCB business to grow by 40-50% in fiscal year 2025, driven by its leadership in FTC and growing demand in various markets.

Kulicke & Soffa (NASDAQ: KLIC) has announced two significant shareholder-friendly moves: a dividend increase and an expanded share repurchase program. The company raised its quarterly dividend by $0.005 to $0.205 per share, marking its fifth consecutive annual dividend increase. The dividend will be paid on January 7, 2025, to shareholders of record as of December 19, 2024. Additionally, the Board authorized a new $300 million share repurchase program, which will commence after completing the current program with $30.3 million remaining. Since 2014, K&S has repurchased 30.2 million shares at an average price of $28.75 per share.

Kulicke & Soffa (NASDAQ: KLIC) reported Q4 2024 financial results with net revenue of $181.3 million, down 10.4% year-over-year. The company posted net income of $12.1 million and EPS of $0.22 per diluted share. Non-GAAP net income was $18.5 million with EPS of $0.34. For fiscal year 2024, K&S reported revenue of $706.2 million with a net loss of $69.0 million. The company expects Q1 2025 revenue of approximately $165.0 million with GAAP EPS of $1.45 and non-GAAP EPS of $0.28.

Kulicke & Soffa (NASDAQ:KLIC), a global leader in semiconductor, LED and electronic assembly equipment manufacturing, has scheduled its fourth fiscal quarter 2024 financial results conference call for November 14, 2024, at 8:00 AM EST. The company will release its financial results on November 13, 2024, at approximately 4:00 PM EST. Interested parties can access the call via phone or webcast, with a replay available through November 21, 2024.

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has announced a quarterly dividend of $0.20 per share of common stock. The dividend will be paid on October 8, 2024, to shareholders of record as of September 19, 2024. Kulicke & Soffa, founded in 1951, specializes in developing semiconductor and electronics assembly solutions. The company's products support growth and technology transitions across various markets, including advanced display, automotive, communications, compute, consumer, data storage, energy storage, and industrial sectors.

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has announced significant milestones in the adoption of its Thermo-Compression Bonding (TCB) technology. The company has introduced its latest APTURA™ Thermo-Compression platform and secured multiple customer wins for its TCB offerings. K&S has also demonstrated an alternative path to chip-to-wafer hybrid bonding through industry collaborations.

Additionally, K&S has joined the 'US-Joint' consortium, led by Resonac Holdings , to support advanced packaging solutions development. The consortium will establish an R&D facility in Silicon Valley, expected to be fully operational by 2025. K&S reports that its TCB business has grown over 10 times in the past four years, indicating strong market adoption of this technology for advanced chiplet and stacked-die applications in AI, HPC, Mobile, and Edge devices.

Kulicke & Soffa (NASDAQ: KLIC) reported Q3 2024 financial results with net revenue of $181.7 million, down 4.9% year-over-year but up 5.6% sequentially. GAAP net income was $12.3 million or $0.22 per diluted share, while non-GAAP net income was $19.3 million or $0.35 per diluted share. The company saw improvement in gross margin and operating margin compared to the previous quarter.

CEO Fusen Chen noted gradual recovery and optimism for capacity and technology expansion across multiple end-markets. K&S highlighted growing momentum for its Thermo-Compression Bonding program with new commercial wins. For Q4 2024, the company expects net revenue of approximately $180 million and non-GAAP EPS of about $0.35.