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Kulicke and Soffa Industries, Inc. earnings have remained resilient despite a decline in revenue, but that will change with guidance calling for a steep deterioration. Kulicke and Soffa believes demand will recover after 2-3 quarters, but history suggests earnings won't be as good as the past two years.
Recently, the company announced that it had inked an agreement to acquire Advanced Jet Automation. The forward P/E of the company is 72% lower compared to the sector median.
Joel Greenblatt (Trades, Portfolio) introduced the investing world to the “Magic Formula” when he published his bestselling book, “The Little Book That Beats the Market,” in 2005. The idea behind the Magic Formula is to apply a simple mathematical formula to find profitable businesses that trade at bargain prices.
The market already called this current chip industry slowdown, and it might now be calling a bottom.
Kulicke & Soffa Industries In.c ( KLIC , Financial) is an established leader in an underrated market - wire bonding.
Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC ) Q3 2022 Results Conference Call August 4, 2022 8:00 AM ET Company Participants Joseph Elgindy - Senior Director, IR Fusen Chen - President, CEO Lester Wong - CFO Conference Call Participants Krish Sankar - Cowen Craig Ellis - B. Riley Securities Charles Shi - Needham & Company Christian Schwab - Craig-Hallum Capital Group David Duley - Steelhead Security Hans Chung - D.A.
Kulicke and Soffa (KLIC) delivered earnings and revenue surprises of 34.84% and 1.96%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
SINGAPORE , July 20, 2022 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced a conference call is scheduled to discuss the Company's third fiscal quarter 2022 financial results, and its business outlook, on Thursday, August 4, 2022, at 8:00am EDT. The Company will issue its third fiscal quarter 2022 financial results the evening of Wednesday, August 3, 2022.
KLIC stock isn't necessarily top-of-mind on Wall Street, but it deserves the attention of investors seeking growth, value and dividends. The post Best Stocks for 2022: Kulicke & Soffa Stock Still Offers Hard-to-Beat Value appeared first on InvestorPlace.
The semiconductor industry is poised to remain resilient over the next decade, and KLIC is in the right markets to profit . The company is performing in profitability, despite global challenges.