DA Davidson lowered the firm’s price target on Kulicke & Soffa to $60 from $65 and keeps a Buy rating on the shares. The company reported a solid September quarter but guided to a “weak” fiscal Q1 as the emerging industry recovery could not overcome normal seasonality, the analyst tells investors in a research note. The firm says the general semiconductor market remains soft and is overshadowing strength in auto and industrial. However. rising utilization rates bodes well for a “nice recovery” in the second half of fiscal 2025 for Kulicke & Soffa, contends DA.
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