Robert Nestor Chylak, Senior Vice President of Kulicke & Soffa Industries Inc. (NASDAQ:KLIC), reported the sale of 11,391 shares of common stock, according to a recent SEC filing. The shares were sold at a weighted average price of $49.52, resulting in a total transaction value of approximately $564,121. Following this sale, Chylak retains ownership of 20,838 shares in the company. The sale price ranged from $48.86 to $49.82 per share, with the stock currently trading near its 52-week high of $56.71. According to InvestingPro, which offers comprehensive analysis through its Pro Research Reports covering 1,400+ US stocks, KLIC has maintained a 7-year streak of dividend increases and currently shows a Fair Value indicating slight overvaluation.
In other recent news, Kulicke and Soffa (NASDAQ:KLIC) Industries reported earnings for the September quarter that met expectations, but projected a 9% quarter-over-quarter decrease for the December quarter, according to TD (TSX:TD) Cowen. The company's recent financial disclosures also highlighted a new $300 million stock buyback plan and the selection of its thermo-compression bonding tool by a foundry customer. Additionally, Kulicke and Soffa announced a Q4 revenue of $181.3 million and non-GAAP EPS of $0.34, along with growth in its core segments and advancements in its Copper First Hybrid bonding process. The company also reported the global installation of over 100 Fluxless Thermo-Compression bonding systems and its expansion into the solid-state EV battery market. For the December quarter, the company forecasts a revenue of approximately $165 million with gross margins around 47%. TD Cowen has maintained a Hold rating on the stock despite these developments. It's worth noting that these are recent developments and further updates are expected.
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