Darren Sissons
Kulicke and Soffa Industries
KLIC-Q
BUY ON WEAKNESS
Aug 26, 2025
KLAC offers a yield management tool used in the semis industry. The chart is very good. Problem is that the large-cap names in semis are included in ETFs, so those names have run up without being tied to the cycle. Compare that to non-ETF names, like KLIC, which he prefers but has had a deep sell-off which makes it an opportunity.
Short. A volume story on semiconductors. Problem is the stock's gone vertical. Has run significantly like all semis. Looking out 6-12 months, it could come back quite hard. Very strong cashflow. Well capitalized. Great company, but entry is too high. A good short.
KLAC offers a yield management tool used in the semis industry. The chart is very good. Problem is that the large-cap names in semis are included in ETFs, so those names have run up without being tied to the cycle. Compare that to non-ETF names, like KLIC, which he prefers but has had a deep sell-off which makes it an opportunity.