Kulicke & Soffa Industries Inc - KLIC STOCK NEWS

Kulicke and Soffa Industries (NASDAQ: KLIC) has announced a collaboration with i3 Microsystems to co-develop lithography solutions for advanced microelectronics packaging. The partnership will utilize K&S's LITEQ 500A 355nm laser-powered projection stepper, enhancing capabilities at i3 Microsystems's facility. This system can handle wafer sizes from 100mm to 300mm with improved resolution and faster throughput. The collaboration aims to bolster the domestic semiconductor supply chain and support national security initiatives through advanced manufacturing and technology.

Kulicke and Soffa Industries (NASDAQ: KLIC) announced participation in key upcoming conferences including the 10th Annual December CEO Summit on December 8, 2021, DA Davidson's Virtual Semicap, Laser & Optical Conference on December 15, 2021, and the 24th Annual Needham Growth Conference on January 10-11, 2022. Presentation materials will be available on investor.kns.com. The company specializes in semiconductor and electronic assembly solutions, supporting diverse markets.

Kulicke and Soffa (NASDAQ: KLIC) reported strong financial results for Q4 2021, with net revenue reaching $485.3 million, a 173.1% year-over-year increase. Net income surged 746.2% to $133.7 million, driven by increased production capacity and advanced systems delivery. The gross margin was 47.7%, despite a slight decline. For FY 2021, total revenue was $1.5 billion. Looking ahead, KLIC anticipates Q1 2022 revenue at $460 million +/- $20 million and non-GAAP EPS of approximately $1.88.

Kulicke and Soffa Industries (NASDAQ: KLIC) announced a significant enhancement to its LUMINEX™ platform, enabling higher efficiency in mini and micro LED production. The software upgrade improves process throughput, achieving Multi-Pattern Placement at 100Hz and scan mode up to 10,000Hz, equating to 10,000 placements per second. This advancement supports the growing demand for mini and micro LED technology, projected to grow at 55% CAGR from 2021 to 2025, particularly in premium displays and wearables. The LUMINEX™ will be showcased at the Productronica Trade Show in Germany from November 16-19, 2021.

Kulicke and Soffa Industries (NASDAQ: KLIC) anticipates revenue of approximately $485 million and non-GAAP earnings per share of approximately $2.15 to $2.17 for the fourth fiscal quarter ending October 2, 2021. The company experiences strong demand across multiple sectors, driven by trends such as 5G and electric vehicles. CEO Fusen Chen mentioned overcoming global supply chain challenges and enhancing production capabilities. The fourth quarter earnings will be discussed on November 18, 2021, with results released on November 17, 2021.

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has declared a quarterly dividend of $0.17 per share, reflecting a $0.03 increase from the previous dividend paid on October 12, 2021. The dividend will be paid on January 10, 2022, to shareholders recorded by December 23, 2021. This marks the second consecutive increase, following a $0.02 rise prior to the December 24, 2020 record date. Additionally, KLIC has repurchased $3.6 million worth of shares during the first two weeks of fiscal year 2022, indicating its commitment to returning value to shareholders.

Kulicke and Soffa Industries (NASDAQ: KLIC) announced the shipment of its advanced mini and micro LED platform, LUMINEX, to a leading manufacturer. This innovative system enhances throughput and operational flexibility, crucial for high-volume backlighting and self-emissive display technologies. With mini and micro LED wafer production expected to grow at a 55% CAGR from 2021 to 2025, KLIC is poised to capitalize on this emerging market. The widespread adoption of LUMINEX is anticipated by the end of 2021, solidifying KLIC's leadership in the advanced display sector.

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has declared a quarterly dividend of $0.14 per share, set to be paid on October 12, 2021. Shareholders on record as of September 23, 2021 are eligible for this payment. The company is recognized for its semiconductor and electronic assembly solutions across various global markets. Established in 1951, K&S focuses on technological advancements and customer collaborations to enhance performance and efficiency in semiconductor devices.

Kulicke and Soffa (KLIC) reported robust financial results for Q3 2021, with net revenue of $424.3 million, marking a 182% increase year-over-year and up 24.7% sequentially. Net income surged to $113.8 million, yielding an EPS of $1.79. Gross profit also rose to $195.7 million, with a gross margin of 46.1%. For Q4 2021, KLIC forecasts net revenue between $465 million and $485 million, with expected non-GAAP EPS around $2.00. The company sees continued growth driven by technology transitions in the semiconductor and automotive sectors.