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KLIC Kulicke & Soffa Industries

Kulicke & Soffa Industries, Inc. engages in the design, manufacture, and sale of tools used to assemble semiconductor devices. It operates through the Capital Equipment and APS segments. The Capital Equipment segment consists of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions. The APS segment offers a variety of expandable tools for a broad range of semiconductor packaging applications. The company was founded by Frederick W. Kulicke and Albert Soffa in 1951 and is headquartered in Singapore.

Company profile

KLIC stock data

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Calendar

5 Feb 21
12 Apr 21
2 Oct 21
Quarter (USD)
Jan 21 Oct 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Oct 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 239.67M 239.67M 239.67M 239.67M 239.67M 239.67M
Cash burn (monthly) (positive/no burn) 21.48M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 72.04M n/a n/a n/a n/a
Cash remaining n/a 167.63M n/a n/a n/a n/a
Runway (months of cash) n/a 7.8 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 Apr 21 Kong Peter T M Common Stock Grant Aquire A No No 0 665 0 81,214
5 Apr 21 Lim Chin Hu Common Stock Grant Aquire A No No 0 665 0 80,885
5 Apr 21 Milzcik Gregory F Common Stock Grant Aquire A No No 0 665 0 72,569
5 Apr 21 Olson Jon A Common Stock Grant Aquire A No No 0 665 0 3,347
5 Apr 21 Richardson David Jeffrey Common Stock Grant Aquire A No No 0 665 0 10,602

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

85.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 229 204 +12.3%
Opened positions 50 32 +56.3%
Closed positions 25 31 -19.4%
Increased positions 64 61 +4.9%
Reduced positions 79 72 +9.7%
13F shares
Current Prev Q Change
Total value 1.69B 1.17B +44.5%
Total shares 53.11M 52.19M +1.8%
Total puts 214.5K 182.5K +17.5%
Total calls 230.9K 336.2K -31.3%
Total put/call ratio 0.9 0.5 +71.1%
Largest owners
Shares Value Change
BLK Blackrock 6.41M $203.93M +3.4%
Dimensional Fund Advisors 3.95M $125.76M -8.9%
Royce & Associates 2.99M $95.1M -5.2%
Alliancebernstein 2.85M $90.61M -8.9%
Vanguard 2.09M $66.49M +1.3%
Neumeier Poma Investment Counsel 1.64M $52.15M +31.7%
SLFPF Standard Life Aberdeen 1.41M $44.9M +36.4%
Granahan Investment Management 1.41M $44.77M +7308.7%
TimesSquare Capital Management 1.22M $38.79M +42.2%
American Century Companies 1.12M $35.61M -24.9%
Largest transactions
Shares Bought/sold Change
Granahan Investment Management 1.41M +1.39M +7308.7%
PFG Principal Financial Group Inc - Registered Shares 472.03K -1.23M -72.2%
ARGA Investment Management 1.03M -1M -49.5%
Anatole Investment Management 781.59K -907.71K -53.7%
Westfield Capital Management 897.62K +897.62K NEW
Norges Bank 849.65K +849.65K NEW
Hood River Capital Management 827.57K +827.57K NEW
POLR Polar Capital 0 -719.85K EXIT
Polar Capital 674.85K +674.85K NEW
Deprince Race & Zollo 516.35K -600.84K -53.8%

Financial report summary

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Risks
  • Our operating results and financial condition could be adversely impacted by volatile worldwide economic conditions.
  • The effects of the COVID-19 pandemic could adversely affect our business, results of operations, and financial condition.
  • Unpredictable spending by our customers due to uncertainties in the macroeconomic environment could adversely affect our net revenue and profitability.
  • 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 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.
  • 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 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.
  • Regulations related to “conflict minerals” may force us to incur additional expenses, may make our supply chain more complex and may result in damage to our reputation with customers.
  • We may be materially and adversely affected by environmental and safety laws and regulations.
  • 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 have the ability to issue additional equity securities, which would lead to dilution of our issued and outstanding common shares.
  • The market price of our common shares and our earnings per share may decline as a result of any acquisitions or divestitures.
  • Anti-takeover provisions in our articles of incorporation and bylaws and under Pennsylvania law may discourage other companies from attempting to acquire us.
  • 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.
  • Weaknesses in our internal controls and procedures could result in material misstatements in our financial statements.
  • The phase-out of the London Interbank Offered Rate (“LIBOR”) could affect interest rates under our existing overdraft credit facility agreement.
  • Our ability to recognize tax benefits on our existing U.S. tax attributes may be limited.
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