Fusen Ernie Chen, President and CEO of Kulicke & Soffa Industries Inc. (NASDAQ:KLIC), recently sold 80,000 shares of the company's common stock. The shares were sold at an average weighted price of $48.29, generating a total of approximately $3.86 million. The transactions occurred on December 5, with share prices ranging from $48.00 to $49.48. Following this sale, Chen retains ownership of 1,100,765 shares. The company, with a market capitalization of $2.6 billion, offers a 1.7% dividend yield and has raised its dividend for seven consecutive years. Want deeper insights? InvestingPro subscribers have access to 14 additional ProTips and a comprehensive research report that provides detailed analysis of KLIC's financial health, valuation metrics, and growth prospects.
In other recent news, Kulicke and Soffa (NASDAQ:KLIC) Industries reported its Q4 earnings with a revenue of $181.3 million and a non-GAAP EPS of $0.34. Despite meeting the expected earnings for the September quarter, the company's guidance for the December quarter indicates a 9% quarter-over-quarter decrease. TD Cowen, in its analysis, maintained a Hold rating on the stock while increasing the price target to $50 from $45. The firm noted positive developments, including the selection of Kulicke and Soffa's thermo-compression bonding tool by a foundry customer and the announcement of a new $300 million stock buyback plan. The company also reported advancements in its Copper First Hybrid bonding process and the installation of over 100 Fluxless Thermo-Compression bonding systems globally. Furthermore, Kulicke and Soffa is expanding into the solid-state EV battery market and expects a revenue of approximately $165 million for the December quarter with gross margins around 47%. These are among the recent developments for the company.
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