Kulicke & Soffa Industries
KLIC on Nasdaq. Kulicke & Soffa sells machines that assemble computer chips to chip makers. Market value $5.2bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to September 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $1.88 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 50 of 100. Price score: 39 of 100. Our list needs 70 on quality and 60 on price.
$97.92 a share, 180% above its 1-year low
Over the past year the price has ranged from $35.02 to $135.80.
Dividend: 0.8% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $1.5bn | $1.5bn | $742m | $706m | $654m |
| Operating margin | |||||
| Operating margin | 27.2% | 31.3% | 5.3% | -13.1% | -0.5% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.06bn | 0.06bn | 0.05bn | 0.05bn | 0.05bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)7 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsSlow, 1.0% a year
- Buying back its own sharesYes, 10% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $330 million last quarter, up 123% on a year ago.
- Profit: $57 million, after a loss of $3 million a year ago.
- It keeps 13 cents of each $1 of sales as operating profit, up from 0 cents a year earlier.
- 1% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $181m |
| December 2024 | $166m |
| March 2025 | $162m |
| June 2025 | $148m |
| September 2025 | $178m |
| December 2025 | $200m |
| March 2026 | $243m |
| June 2026 | $330m |
| Quarter to | Amount |
|---|---|
| September 2024 | $12m |
| December 2024 | $82m |
| March 2025 | -$85m |
| June 2025 | -$3m |
| September 2025 | $6m |
| December 2025 | $17m |
| March 2026 | $35m |
| June 2026 | $57m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 20 November 2025
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
3 long-term investors we follow own it, down from 4 last quarter. 463 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $41m | 0.3% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $514,040 | <0.1% | Cut |
| Barrow HanleyBarrow Hanley team | $18,726 | <0.1% | Cut |
Sold out this quarter
Largest holders overall
- BlackRock$1.2bnAdded
- Vanguard Portfolio Management$355mAdded
- JPMorgan Chase$346mAdded
- State Street$277mAdded
- Geode Capital Management$203mAdded
- Point72 Asset Management, L.P.$180mCut
- Manufacturers Life Insurance Company, the$153mCut
- Dimensional Fund Advisors LP$146mCut
- Copeland Capital Management$134mCut
- Morgan Stanley$129m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- BlackRock, Inc.Passive investor15.4%Since 31 March 2025
- Vanguard Portfolio ManagementPassive investor5.2%Since 30 June 2026
- JPMORGAN CHASE & COPassive investor5.0%Since 30 June 2026
- Capital International InvestorsPassive investorSold down below 5%Since 30 June 2025
- Victory Capital Management, Inc.Passive investorSold down below 5%Since 30 September 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 15.4% | 31 March 2025 | |
Vanguard Portfolio Management Passive investor | 5.2% | 30 June 2026 | |
JPMORGAN CHASE & CO Passive investor | 5.0% | 30 June 2026 | |
Capital International Investors Passive investor | Sold down below 5% | 30 June 2025 | |
Victory Capital Management, Inc. Passive investor | Sold down below 5% | 30 September 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 7 sold $18m, $4m of it under preset trading plans.
- Wong Lester AInterim CEO and CFOSold
- Date
- 18 June 2026
- Shares
- 60,000
- Price
- $121.71
- Value
- $7m
- WONG NELSON MUNPUNSenior Vice PresidentSold
- Date
- 12 June 2026
- Shares
- 15,000
- Price
- $113.72
- Value
- $2m
- Kong Peter T MDirectorSold
- Date
- 11 June 2026
- Shares
- 1,551
- Price
- $110.00
- Value
- $170,610
- Yeo Mui SungDirectorSold
- Date
- 20 May 2026
- Shares
- 20,000
- Price
- $100.00
- Value
- $2m
- Lim Zi YaoGeneral CounselSold
- Date
- 11 May 2026
- Shares
- 1,500
- Price
- $102.98
- Value
- $154,470
- RICHARDSON DAVID JEFFREYDirectorSold
- Date
- 25 February 2026
- Shares
- 9,364
- Price
- $72.20
- Value
- $676,081
- Yeo Mui SungDirectorSold
- Date
- 13 February 2026
- Shares
- 19,143
- Price
- $71.98
- Value
- $1m
- Chylak Robert NestorSenior Vice PresidentSold
- Date
- 10 February 2026
- Shares
- 7,098
- Price
- $73.28
- Value
- $520,141
- Lim Zi YaoGeneral CounselSold
- Date
- 9 February 2026
- Shares
- 1,000
- Price
- $71.54
- Value
- $71,540
- WONG NELSON MUNPUNSenior Vice PresidentSoldunder a preset trading plan
- Date
- 5 February 2026
- Shares
- 39,800
- Price
- $60.98
- Value
- $2m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 18 June 2026 | Wong Lester A Interim CEO and CFO | Sold | 60,000 | $121.71 | $7m |
| 12 June 2026 | WONG NELSON MUNPUN Senior Vice President | Sold | 15,000 | $113.72 | $2m |
| 11 June 2026 | Kong Peter T M Director | Sold | 1,551 | $110.00 | $170,610 |
| 20 May 2026 | Yeo Mui Sung Director | Sold | 20,000 | $100.00 | $2m |
| 11 May 2026 | Lim Zi Yao General Counsel | Sold | 1,500 | $102.98 | $154,470 |
| 25 February 2026 | RICHARDSON DAVID JEFFREY Director | Sold | 9,364 | $72.20 | $676,081 |
| 13 February 2026 | Yeo Mui Sung Director | Sold | 19,143 | $71.98 | $1m |
| 10 February 2026 | Chylak Robert Nestor Senior Vice President | Sold | 7,098 | $73.28 | $520,141 |
| 9 February 2026 | Lim Zi Yao General Counsel | Sold | 1,000 | $71.54 | $71,540 |
| 5 February 2026 | WONG NELSON MUNPUN Senior Vice President | Sold under a preset trading plan | 39,800 | $60.98 | $2m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 20 Nov 2025, plus the 10-Q filed 6 Aug 2026 and 5 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have barely grown: 1.0% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.