In a report released today, Charles Shi from Needham maintained a Buy rating on Kulicke & Soffa (KLIC – Research Report), with a price target of $53.00.
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Charles Shi has given his Buy rating due to a combination of factors influencing Kulicke & Soffa’s current and future performance. One significant reason is the company’s ability to exceed consensus estimates in terms of gross margin and earnings per share, which was achieved through recognizing revenue from tools previously expensed. This indicates a potential for stronger financial health than initially anticipated.
Moreover, Charles Shi acknowledges the company’s strategic positioning for recovery in the auto/industrial sectors and mature semiconductor markets expected in the latter half of fiscal year 2025. The anticipation of stabilization to pre-downturn levels in fiscal year 2026, along with emerging secular drivers in fluxless TCB and VFO, supports a positive long-term outlook for the company. Consequently, these factors contribute to the Buy rating with a maintained price target of $53.
According to TipRanks, Shi is a 4-star analyst with an average return of 5.4% and a 46.24% success rate. Shi covers the Technology sector, focusing on stocks such as KLA, Kulicke & Soffa, and Applied Materials.