Kulicke & Soffa ( (KLIC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Kulicke & Soffa’s stock faced downward pressure after Needham adjusted its price target to $53. This revision comes amid expectations of a tepid semiconductor upcycle and predictions that the peak for wafer fab equipment will occur in 2025, followed by a decline in late 2026. The wire bonder market is expected to see moderate growth over the next two years, with a recovery anticipated in 2025. Despite these adjustments, Needham maintained a Buy rating, signaling confidence in the company’s long-term growth potential.
More about Kulicke & Soffa
YTD Price Performance: -1.74%
Average Trading Volume: 541,477
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.49B
For further insights into KLIC stock on TipRanks’ Stock Analysis page.
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