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Kulicke & Soffa Completes Share Repurchase Program

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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) ha completato il suo programma di riacquisto di azioni da 800 milioni di dollari avviato nel quarto trimestre del 2017, riacquistando circa 22,7 milioni di azioni a un prezzo medio di 35,25 dollari per azione. La società ha annunciato un nuovo programma di riacquisto di azioni da 300 milioni di dollari. Dal 2014, K&S ha investito 900 milioni di dollari per riacquistare 30,9 milioni di azioni a un prezzo medio di 29,12 dollari per azione. Al quarto trimestre del 2024, la società detiene 577,1 milioni di dollari in contante, equivalenti di cassa e investimenti a breve termine, con circa 54,9 milioni di azioni ordinarie medie pesate in circolazione.

Kulicke & Soffa (NASDAQ: KLIC) ha completado su programa de recompra de acciones de 800 millones de dólares iniciado en el cuarto trimestre de 2017, recomprando aproximadamente 22,7 millones de acciones a un precio promedio de 35,25 dólares por acción. La empresa ha anunciado un nuevo programa de recompra de acciones de 300 millones de dólares. Desde 2014, K&S ha destinado 900 millones de dólares para recomprar 30,9 millones de acciones a un precio promedio de 29,12 dólares por acción. A partir del cuarto trimestre de 2024, la empresa tiene 577,1 millones de dólares en efectivo, equivalentes de efectivo e inversiones a corto plazo, con aproximadamente 54,9 millones de acciones ordinarias ponderadas en circulación.

쿨리크 앤 소파 (NASDAQ: KLIC)는 2017년 4분기 시작된 8억 달러 규모의 자사주 매입 프로그램을 완료하였으며, 평균 주가 35.25달러에 약 2,270만 주를 매입하였습니다. 회사는 3억 달러 규모의 새로운 자사주 매입 프로그램을 발표했습니다. 2014년 이후 K&S는 9억 달러를 사용하여 평균 가격 29.12달러에 3,090만 주를 매입했습니다. 2024년 4분기 기준으로, 회사는 현금, 현금성 자산 및 단기 투자에서 5억 7,710만 달러를 보유하고 있으며, 약 5,490만 주의 가중 평균 발행 주식이 있습니다.

Kulicke & Soffa (NASDAQ: KLIC) a complété son programme de rachat d'actions de 800 millions de dollars lancé au quatrième trimestre 2017, ayant racheté environ 22,7 millions d'actions à un prix moyen de 35,25 dollars par action. La société a annoncé un nouveau programme de rachat d'actions de 300 millions de dollars. Depuis 2014, K&S a dépensé 900 millions de dollars pour racheter 30,9 millions d'actions à un prix moyen de 29,12 dollars par action. Au quatrième trimestre 2024, la société détient 577,1 millions de dollars en liquidités, équivalents de liquidités et investissements à court terme, avec environ 54,9 millions d'actions ordinaires pondérées en circulation.

Kulicke & Soffa (NASDAQ: KLIC) hat sein 800 Millionen Dollar schweres Aktienrückkaufprogramm, das im vierten Quartal 2017 initiiert wurde, abgeschlossen und dabei etwa 22,7 Millionen Aktien zu einem Durchschnittspreis von 35,25 Dollar pro Aktie zurückgekauft. Das Unternehmen hat ein neues Aktienrückkaufprogramm im Umfang von 300 Millionen Dollar angekündigt. Seit 2014 hat K&S 900 Millionen Dollar verwendet, um 30,9 Millionen Aktien zu einem Durchschnittspreis von 29,12 Dollar pro Aktie zurückzukaufen. Zum vierten Quartal 2024 hält das Unternehmen 577,1 Millionen Dollar in bar, kurzfristigen Geldäquivalenten und Investitionen, mit etwa 54,9 Millionen gewichteten durchschnittlichen ausstehenden Aktien.

Positive
  • Completed $800M share repurchase program, demonstrating strong cash deployment
  • New $300M share repurchase program initiated
  • Strong cash position of $577.1M as of Q4 2024
  • Efficient share repurchase execution at favorable average prices ($29.12 per share)
Negative
  • Significant cash outlay of $900M for share repurchases may reduce funds available for operations or investments

Insights

The completion of an $800 million share repurchase program and initiation of a new $300 million program represents significant capital allocation decisions that directly impact shareholder value. With an average repurchase price of $35.25 per share under the completed program and the stock currently trading near $48, this demonstrates effective timing and value creation. The company's strong cash position of $577.1 million provides ample liquidity for the new program while maintaining operational flexibility.

The cumulative deployment of $900 million since 2014 at an average price of $29.12 shows consistent commitment to shareholder returns and management's confidence in long-term prospects. With approximately 54.9 million shares outstanding, the new $300 million authorization represents potential to reduce share count by roughly 10% at current prices, which could provide meaningful EPS accretion.

$900 Million Cumulatively Deployed in Share Repurchase Programs
Initiates New $300 Million Share Repurchase Program

SINGAPORE, Dec. 2, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that it has completed its $800 million share repurchase program, originally initiated during its fiscal fourth quarter of 2017. Under this program, K&S repurchased approximately 22.7 million shares at an average price of approximately $35.25 per share. The completion of the program demonstrates the Company's commitment to its long-term growth prospects and delivering value directly to shareholders.

As previously announced on November 13, 2024, K&S again expanded its shareholder return activities with a new $300 million share repurchase program, intended to initiate upon the prior program's completion. Under this new program, Kulicke & Soffa may repurchase shares of its common stock through open market and privately negotiated transactions at prices deemed appropriate by management. The timing and amount of repurchase transactions under this program will depend on market conditions, cash availability as well as corporate and other considerations. As of the end of its fiscal fourth quarter 2024, K&S had $577.1 million in cash, cash equivalents and short-term investments and approximately 54.9 million weighted average shares outstanding.

Cumulatively, since the announcement of the Company's initial repurchase program on August 27, 2014, K&S has deployed $900 million to repurchase a total of 30.9 million shares, at an average price of approximately $29.12 per share, in accelerated and open-market transactions.

About Kulicke & Soffa
Founded in 1951, Kulicke & Soffa specializes in developing cutting-edge semiconductor and electronics assembly solutions enabling a smart and more sustainable future. Our ever-growing range of products and services supports growth and facilitates technology transitions across large-scale markets, such as advanced display, automotive, communications, compute, consumer, data storage, energy storage and industrial.

Caution Concerning Results, Forward-Looking Statements and Certain Risks Related to our Business
In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to the persistent macroeconomic headwinds on our business, actual or potential inflationary pressures, interest rate and risk premium adjustments, falling customer sentiment, or economic recession caused directly or indirectly by geopolitical tensions, our ability to operate our business in accordance with our business plan and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended September 28, 2024, filed on November 14, 2024, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contacts:

Kulicke & Soffa    
Marilyn Sim    
Public Relations    
P: +65-6880-9309    
msim@kns.com

Kulicke & Soffa
Joseph Elgindy
Finance
P: +1-215-784-7500
investor@kns.com 

Cision View original content:https://www.prnewswire.com/news-releases/kulicke--soffa-completes-share-repurchase-program-302319326.html

SOURCE Kulicke & Soffa Industries, Inc.

FAQ

How much did Kulicke & Soffa (KLIC) spend on its completed share repurchase program?

Kulicke & Soffa spent $800 million on its share repurchase program initiated in Q4 2017, buying back approximately 22.7 million shares at an average price of $35.25 per share.

What is the size of KLIC's new share repurchase program announced in November 2024?

Kulicke & Soffa announced a new $300 million share repurchase program in November 2024.

How many shares has KLIC repurchased since 2014?

Since 2014, Kulicke & Soffa has repurchased 30.9 million shares at an average price of $29.12 per share, deploying a total of $900 million.

What is KLIC's current cash position as of Q4 2024?

As of Q4 2024, Kulicke & Soffa had $577.1 million in cash, cash equivalents and short-term investments.

Kulicke & Soffa Industries Inc

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