B. Riley raised the firm’s price target on Kulicke & Soffa to $56 from $52 and keeps a Neutral rating on the shares post the fiscal Q4 report. The analyst likes the company’s “idiosyncratic” growth and margin execution emphasis and is looking for signs of sustained estimate acceleration to adopt a more positive tactical stance. The firm seeks increased visibility on Kulicke & Soffa’s underlying driver visibility to now modeled seasonal acceleration.
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Read More on KLIC:
- Kulicke & Soffa upgraded to Buy from Hold at Craig-Hallum
- Kulicke & Soffa receives orders for Thermocompression Bonding solutions
- Kulicke & Soffa raises quarterly dividend to 20c from 19c per share
- Kulicke & Soffa sees Q1 adjusted EPS 25c +/- 10%, consensus 38c
- Kulicke & Soffa reports Q4 adjusted EPS 51c, consensus 43c
