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Kulicke and Soffa Industries, Inc. (KLIC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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44.18+0.29 (+0.66%)
As of 12:45PM EDT. Market open.
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  • S
    Steve
    I'm not going to say I told you so, but is anyone really surprised by this price action? There have been countless tech companies during this earnings season with blowout earnings reports, raising guidance, and the stocks have sold off. KLIC is up 70% ytd through yesterday. Does anybody remember that?! Meanwhile, I took advantage of weakness at the open and sold 5 Oct $40 puts for $1.75.
  • a
    andrew
    Just curious what everyone is doing with this? Holding through? or is this semi cycle done for now? New to this stock, and thought i got in at a good price, apparently not.
  • B
    Brian
    Looks like everyone is focusing on the "lower gross margins" due to the expediting fees incurred related to COVID and quickly ramping up to meet demand. Margins should improve going forward. Large backlog (over $600 million) and $400 M projected sales this quarter, together with KLIC's generally conservative forecasting, makes this a buy in my opinion. Disclosure - I have been long KLIC for 15+ years and hold 1,000 shares with a basis of about $7 a share. Like Davebugs, I frequently buy/sell options on these to generate cash and hedge the big up and down moves.
  • d
    davebugs
    Crazy! All capital equipment chip stocks are down a lot.

    I have to add treading shares as all the shares I have now are free form profits form prior cycles and then again AMTD still shows those up 74% and I just bought that DEC 45 call for 9.00.

    Most of my stocks and account are well into the red even thought he DOW is hitting all time highs.

    Likely to set on my hands until tomorrow. No reason to rush that I see.

    Market is stil unusual with all the free money sen dto individuals who still aren't working.

    Summer is often dull but I usually do decent over the Summer. The old "sell in May" may be different due to liquidity, vacations still disrupted, who knows.

    Having cash is a very good thing.

    Sometimes it's worth a few points to buy when it rebounds rather than average down which is my norm.

    If things don't go down another 5% in this slide I still expect another one in the next 2 months.
  • R
    Reynaldo R
    KLIC announced financial results of its second fiscal quarter ended April 3, 2021, reporting second quarter net revenue of $340.2 million, net income of $71.3 million, representing EPS of $1.13 per fully diluted share, and non-GAAP net income of $79.4 million, representing non-GAAP EPS of $1.26 per fully diluted share (consensus EPS estimate of $1.20). Guidance for next quarter is solid - EPS $1.35 (+- 10%).
  • d
    davebugs
    Steve - did you write any of those MAY 21st 45 puts today? Heavy volume on the today.
  • G
    GRace
    The earnings report given after the market closed yesterday was very strong so I really don't understand the over reaction to the down side. For now be patient because this too will pass and for those who want to add or enter should be able to take advantage of these low prices. Great companies like KLIC are hard to come by and this should be a good buying opportunity for anyone. Have a nice day everyone and always be kind to yourself and others.
  • c
    cheong wee
    Interest rate fear ,, so institution and fund are selling. But i think this is short term only as fed said they will not increase rate till 2023, And fed still got lot of room to keep rate low. Buy that fake dip
  • d
    davebugs
    ER 8AM tomorrow
  • M
    Madeline
    What happened during the earnings call for it to have this effect on the stock ?
  • N
    Niceguy
    got in at 49.60, thoughts?
  • V
    Vincent Ricciardi
    Not understanding the market reaction this morning ... there numbers were all on target and forecast was excellent news ... confusing signs ... when ER are good this may be the new norm for 2021 ... during a major market recovery ... could this be reddit?
  • G
    GRace
    KLIC should be able to take off once that pre announced earnings is solidified after the market closes today. So far no change in fundamentals and story except for positive reviews the past few months leading to this next report. I have faith in this stock and its peers so it should not be a surprise if we make it past 60 this week or better. Take care and have a blessed day.
  • S
    Steve
    Craig-Hallum cuts target price to $64 from $83.
  • G
    GRace
    Volume better than average and KLIC is up above 7% at the end on the day is always welcome and more to come. Have a nice weekend everyone and always be kind to yourself and others.
  • G
    GRace
    KLIC just pre announced their second quarter earnings report for the 6th of May and it will be a strong one. Why this is down big today instead of being up big you tell me. I think KLIC should be up 5% instead of being down that much earlier this morning. Will let them digest the news and hopefully buy back what they have sold. I think this stock will be above 60 before the its earnings report on May 6th. Have a nice day everyone.
  • S
    Steven
    Just like that, Zacks pushed klic to rank 1, strong buy. Looking good, folks.
  • S
    Steve
    On Friday, I had 80 short put contracts expire. Strike prices ranged from $16 to $35. Total premium received $7,393.
  • S
    Steve
    I sold 5 more Oct $40 puts for $1.25. But, I wouldn't be surprised at all if KLIC hits an air pocket after earnings. The SMH is under pressure, and there are lots of examples of tech companies this earnings season with a beat and a raise, yet they sell off because of huge runs prior to earnings.
  • S
    Steve
    This morning, I sold 10 October $40 puts for $.80. On 4/20, Cowen and Co. raised PT to $58 from $48; Craig-Hallum raised PT to $83 from $61.