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Kulicke & Soffa Industries (KLIC)

Kulicke & Soffa is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.

Company profile

Ticker
KLIC
Exchange
Website
CEO
Fusen Chen
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Assembléon B.V. • K&S Worldwide, Inc. • Kulicke & Soffa (Hong Kong) Limited • Kulicke & Soffa (Israel) Limited • Kulicke & Soffa (Suzhou) Limited • Kulicke and Soffa (Switzerland) Management GmbH • Kulicke & Soffa Foreign Investments, LLC • Kulicke & Soffa Global Holding Corporation • Kulicke & Soffa Global Investments, Inc. • Kulicke & Soffa Holdings B.V. ...
IRS number
231498399

KLIC stock data

Analyst ratings and price targets

Last 3 months

Calendar

4 Aug 22
20 Aug 22
1 Oct 22
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 445.78M 445.78M 445.78M 445.78M 445.78M 445.78M
Cash burn (monthly) 4.89M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 7.87M n/a n/a n/a n/a n/a
Cash remaining 437.91M n/a n/a n/a n/a n/a
Runway (months of cash) 89.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Jul 22 Yeo Mui Sung Common Stock Grant Acquire A No No 0 1,004 0 84,078
5 Jul 22 Kong Peter T M Common Stock Grant Acquire A No No 0 1,004 0 84,959
5 Jul 22 Lim Chin Hu Common Stock Grant Acquire A No No 0 1,004 0 81,630
5 Jul 22 Olson Jon A Common Stock Grant Acquire A No No 0 1,004 0 7,092
5 Jul 22 Milzcik Gregory F Common Stock Grant Acquire A No No 0 1,004 0 76,314
98.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 311 330 -5.8%
Opened positions 41 50 -18.0%
Closed positions 60 59 +1.7%
Increased positions 95 113 -15.9%
Reduced positions 126 113 +11.5%
13F shares Current Prev Q Change
Total value 2.45B 3.29B -25.4%
Total shares 57.23M 58.75M -2.6%
Total puts 892.9K 573K +55.8%
Total calls 437.2K 657.8K -33.5%
Total put/call ratio 2.0 0.9 +134.5%
Largest owners Shares Value Change
BLK Blackrock 9.01M $385.56M -5.5%
Capital International Investors 6.94M $297.18M -3.1%
American Century Companies 3M $128.42M +18.7%
Dimensional Fund Advisors 2.84M $121.39M +1.2%
Vanguard 2.8M $119.84M -6.2%
Royce & Associates 2.13M $91.31M -4.5%
STT State Street 2.01M $86.39M -2.3%
Victory Capital Management 1.6M $68.37M +16.9%
Alliancebernstein 1.47M $62.96M -2.2%
Deprince Race & Zollo 1.38M $59.2M -7.2%
Largest transactions Shares Bought/sold Change
BLK Blackrock 9.01M -523.57K -5.5%
American Century Companies 3M +473.49K +18.7%
MS Morgan Stanley 747.38K +275.32K +58.3%
Parametric Portfolio Associates 0 -267.96K EXIT
Victory Capital Management 1.6M +230.79K +16.9%
Capital International Investors 6.94M -218.72K -3.1%
Capital Group Private Client Services 209.34K -217.59K -51.0%
Woodline Partners 326.56K +197.35K +152.7%
Vanguard 2.8M -184.05K -6.2%
Renaissance Technologies 59.93K -183.7K -75.4%

Financial report summary

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Risks
  • Our operating results and financial condition could be adversely impacted by volatile worldwide economic conditions and unpredictable spending by our customers due to uncertainties in the macroeconomic environment.
  • The COVID-19 pandemic has adversely affected our business, and may in the future materially and adversely affect our results of operations and financial condition.
  • We depend on our suppliers, including sole source suppliers, for critical raw materials, components and subassemblies. If our suppliers do not deliver their products to us, or deliver non-compliant or defective products, we would be unable to deliver our products to our customers.
  • The semiconductor industry is volatile with sharp periodic downturns and slowdowns. Cyclical industry downturns are made worse by volatile global economic conditions.
  • Difficulties in forecasting demand for our product lines may lead to periodic inventory shortages or excesses.
  • Our quarterly operating results fluctuate significantly and may continue to do so in the future.
  • Our average selling prices usually decline over time and may continue to do so.
  • We may not be able to rapidly develop, manufacture and gain market acceptance of new and enhanced products required to maintain or expand our business.
  • We may be unable to continue to compete successfully in the highly competitive semiconductor equipment and packaging materials industries.
  • Substantially all of our sales, distribution channels and manufacturing operations are located outside of the U.S., which subjects us to risks, including risks from changes in trade regulations, currency fluctuations, political instability and conflicts.
  • Catastrophic events, such as pandemics and extreme weather events as a result of climate change, can have a material adverse effect on our operations and financial results.
  • We are subject to export restrictions that may limit our ability to sell to certain customers and the U.S.-China trade war could adversely affect our business.
  • Because a small number of customers account for most of our sales, our net revenue could decline if we lose a significant customer.
  • We maintain a backlog of customer orders that is subject to cancellation, reduction or delay in delivery schedules, which may result in lower than expected revenues.
  • Increased labor costs and competition for qualified personnel may reduce the efficiency of our flexible manufacturing model and adversely impact our operating results.
  • Our business depends on attracting and retaining management, sales and technical employees as well as on the succession of senior management.
  • Alternative packaging technologies may render some of our products obsolete and materially and adversely affect our overall business and financial results.
  • We send products and equipment to customers or potential customers for trial, evaluation or other purposes which may result in retrofit charges, impairments or write-down of inventory value if the products and equipment are not subsequently purchased by the customers.
  • Undetected problems in our products could directly impair our financial results.
  • We may not be able to continue to consolidate manufacturing and other facilities or entities without incurring unanticipated costs and disruptions to our business.
  • We may be materially and adversely affected by environmental and safety laws and regulations, including laws and regulations implemented in response to climate change.
  • We may acquire or divest businesses or enter into joint ventures or strategic alliances, which may materially affect our business, financial condition and operating results.
  • Our success depends in part on our intellectual property, which we may be unable to protect.
  • Third parties may claim we are infringing on their intellectual property, which could cause us to incur significant litigation costs or other expenses, or prevent us from selling some of our products.
  • We may be subject to disruptions or failures in our information technology systems and network infrastructures that could have a material adverse effect on us.
  • We are implementing a new enterprise resource planning system. Our failure to implement it successfully, on time and on budget could have a material adverse effect on us.
  • We are exposed to fluctuations in currency exchange rates that could negatively impact our financial results and cash flows.
  • Changes to our existing tax incentive in Singapore may materially reduce our reported results of operations in future periods.
  • We have the ability to issue additional equity securities, which would lead to dilution of our issued and outstanding common shares.
  • Anti-takeover provisions in our articles of incorporation and bylaws and under Pennsylvania law may discourage other companies from attempting to acquire us.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: consequentially, constantly, direct, effort, export, falling, inflation, jurisdiction, jurisdictional, micro, mini, posture, premium, recession, sentiment, worth
Removed: bonder, consistent, exceeded, noncash, utilization

Patents

Utility
Die attach systems, and methods of attaching a die to a substrate
9 Aug 22
A die attach system is provided.
Utility
Positional Error Compensation In Assembly of Discrete Components by Adjustment of Optical System Characteristics
28 Jul 22
A method includes determining an alignment error between a discrete component of a discrete component assembly mounted in a laser-assisted transfer system and a target position on a target substrate, the discrete component assembly including the discrete component adhered to a support by a dynamic release layer; based on the alignment error, determining a beam offset characteristic; and providing a signal indicative of the beam offset characteristic to an optical element of the laser-assisted transfer system, the optical element being configured to adjust a position of a beam pattern relative to the discrete component according to the beam offset characteristic.
Utility
Material for Positional Error Compensation In Assembly of Discrete Components
28 Jul 22
An assembly includes a substrate; a coating including a Bingham fluid disposed on a surface of the substrate; and a discrete component partially embedded in or disposed on the coating including the Bingham fluid.
Utility
Lithographic Systems and Methods of Operating the Same
9 Jun 22
A lithographic system for projecting an image onto a workpiece using radiation is provided.
Utility
Component Placement Systems and Methods of Operating the Same
9 Jun 22
A component placement system is provided.