KLIC - upped guidance in semi conductors

Ticker: KLIC

On mobile but just found the company upped their guidance few weeks back so pretty bullish sign

Their PE is quite low ans the company hit 69 after last ER and since then it has made more money and higher guidance.

I am playing 60c For ER

Press Release:

Relevant part:
SINGAPORE, Nov. 1, 2021 /PRNewswire/ – Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) (“Kulicke & Soffa”, “K&S” or the “Company”), today announced that it expects revenue to be approximately $485 million and non-GAAP earnings per share to be approximately $2.15 to $2.17 for the fourth fiscal quarter, ended October 2, 2021.

Strong demand for K&S solutions continues to stem from a broad set of customers and end-markets. This demand is driven by several long-term technology transitions including 5G, electric vehicles, advanced display and the increasing need for more complex semiconductor assembly. Additionally, the Company has continued to expand features and customer engagements with its LUMINEXTM advanced display system, which is positioned to accelerate adoption of mini and micro LED technology.

Fusen Chen, Kulicke & Soffa’s President and Chief Executive Officer, stated, “Over the past quarter, we overcame many of the global supply chain challenges we faced and extended short-term production capabilities to best support our customers’ evolving capacity and technology needs. In parallel with this production effort, we have delivered new innovative solutions for high-performance-computing and advanced display applications.”

The Company anticipates continued industry expansion through fiscal 2022 and will provide additional details during its upcoming earnings call.