Kulicke and Soffa Industries: Patience Will Be Needed As Things Have Changed

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MarketGyrations
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Summary

  • FY2021 was a very good year for KLIC and its stock, but FY2022 is certain to be different and the stock seems to have taken notice.
  • KLIC grew EPS by more than 500% and trades at comparatively low valuations, but the stock is struggling for several reasons heading into 2022.
  • Sentiment seems to have turned against KLIC with a rise in short interest and insider selling may have only emboldened the shorts.
  • Long KLIC is still worth pursuing with multiples where they are, but patience will be needed as the road ahead could be a bumpy one.

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The year 2021 is almost certain to end up as a year for the record books for Kulicke and Soffa Industries (NASDAQ:KLIC). The stock, though, has started to stumble with the year coming to a close. The

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MarketGyrations profile picture
2.66K Followers
Welcome to my author's site. As an avid follower of SeekingAlpha, I take great interest in articles posted as the subject matter is often something that appeals to me. However, I will sometimes encounter an article that I might not agree with. My purpose is to present an alternative view to readers that they may want to take into account. I hope you find my articles interesting and informative.

Disclosure: I/we have a beneficial long position in the shares of KLIC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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