Lim Chin Hu, a director at Kulicke & Soffa Industries Inc. (NASDAQ:KLIC), has sold 30,000 shares of the company's common stock. The transaction, which took place on December 6, 2024, was executed at a weighted average price of $48.11 per share, resulting in a total sale value of approximately $1.44 million. Following this transaction, Lim Chin Hu retains ownership of 59,701 shares in the semiconductor equipment manufacturer. The shares were sold at prices ranging from $47.74 to $48.44. While this insider sale occurred, InvestingPro analysis shows the company has been actively buying back shares and maintains a 1.68% dividend yield, having raised dividends for seven consecutive years. Discover 12 more exclusive insights about KLIC with InvestingPro's comprehensive research report.
In other recent news, Kulicke and Soffa (NASDAQ:KLIC) Industries reported Q4 revenue of $181.3 million and a non-GAAP EPS of $0.34, aligning with expectations. TD Cowen, however, anticipates a 9% quarter-over-quarter decrease for the December quarter, falling short of consensus estimates. Despite this, the firm noted positive developments including customer fabrication utilization rates around 77% and potential revenue boost from variable timing of tool purchases in China. A significant development highlighted was the selection of the company's thermo-compression bonding tool by a foundry customer. Kulicke and Soffa also announced a new $300 million stock buyback plan and a fifth consecutive dividend increase. The company is expanding into the solid-state EV battery market and over 100 Fluxless Thermo-Compression bonding systems have been installed globally. Kulicke and Soffa expects revenue of approximately $165 million for the December quarter with gross margins around 47%. While the non-GAAP operating expenses were higher than expected, the company is optimistic about a stronger Q2 compared to Q1. These are the recent developments for Kulicke and Soffa Industries.
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