KLIC EVP Chong Chan Pin sells 45,000 shares (49.1% of holdings) in 2 transactions for $2.1M at avg $46.22
Chong Chan Pin, Executive Vice President at Kulicke & Soffa Industries, executed 2 separate open-market sales totaling 45,000 shares for $2,080,069.00, reducing his holdings by 49.1% from 91,646 to 46,646 shares. The sales occurred at $46.07 on 2024-11-19 and $46.27 on 2024-11-20, yielding a blended average price of $46.22, compared to the current price of $48.46—approximately 2.4% below current levels. This substantial reduction in executive ownership warrants attention given the company's recent operational headwinds: annual revenue declined 4.9% year-over-year and the company reported negative full-year net income in the most recent fiscal period, with only $12,264,000.00 in net income from $181,650,000.00 in latest-quarter revenue. The insider's cross-ticker track record shows prior sells were well-timed at the 90-day mark, though same-ticker history is limited to one prior 2023 sale that experienced a -19.0% return at 90 days; the stock has appreciated 12.9% over the past 30 days and 11.2% over 90 days since this November sale, placing current trading 13.2% below its 52-week high of $55.85.