Kulicke and Soffa shares climb on raised share buyback program

Kulicke And Soffa Industries

03/03/2022 15:49

** Kulicke and Soffa Industries Inc's  KLIC.O  shares up as
much as 5% to $55.49
    ** Stock later pares gains, up nearly 1% at $53.30 
    ** Semiconductor solutions provider increases share
repurchase program by $400 mln  urn:newsml:reuters.com:*:nPn8CWxcGa
    ** Now has over $492 mln of capital to buy back shares until
August 1, 2025 - KLIC 
    ** As of Jan. 1, co has 63.3 mln shares outstanding
    ** Stock is down nearly 12% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))