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Kulicke and Soffa Industries is a high-quality business with solid revenue growth, profitability metrics, and a strong balance sheet. The company faces severe headwinds due to a challenging macro environment and difficult comps after a revenue spike in 2021. Valuation analysis suggests minimal upside potential, making it advisable to wait on the sidelines and assign a "Hold" rating.
How should you play a long-term trend in the stock market? Investors have made an early bet on years of deployment of artificial intelligence across the corporate world by focusing on data-center infrastructure.
Tech hardware companies are huge beneficiaries from the artificial intelligence (AI) trend. Even better, many also pay growing dividends.
Onto Innovation and Kulicke & Soffa both had a big year in 2022, but they're now down in the dumps. Despite a cyclical downturn, these two equipment makers look like they could have another surge of growth later this year and into 2024.
Kulicke and Soffa (KLIC) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $1.95 per share a year ago.
While headwinds persist for the semiconductor industry, signs within the industry suggest not all is lost for Kulicke and Soffa Industries (NASDAQ: KLIC). High inventory and weak demand are plaguing some sections of the semiconductor market, and that is bad news for companies like AMD (NASDAQ: AMD), which recently marked down inventory.
While boring but safe industries look quite compelling amid the rancorous noise of the banking sector fallout and the ever-present concern of high inflation, investors will to take some risks may want to consider solid technology stocks to buy for consistent or credible returns. As leading innovators, these enterprises may eventually find traction, thus leading to upside returns.
At first glance, the concept of tech stocks to buy might seem exceptionally risky at this juncture. After all, the market continues to digest the bank runs and failures of two major financial institutions.
Three semiconductor investors discuss Kulicke and Soffa Industries' earnings.
Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC ) Q1 2023 Earnings Conference Call February 2, 2023 8:00 AM ET Company Participants Joe Elgindy - Senior Director, Investor Relations Fusen Chen - President and Chief Executive Officer Lester Wong - Chief Financial Officer Conference Call Participants Krish Sankar - Cowen Craig Ellis - B. Riley Charles Shi - Needham and Company David Duley - Steelhead Securities Hans Chung - D.A.