TD Cowen analyst Krish Sankar maintains $Kulicke & Soffa Industries (KLIC.US)$ with a hold rating, and maintains the target price at $50.
According to TipRanks data, the analyst has a success rate of 59.7% and a total average return of 15.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Kulicke & Soffa Industries (KLIC.US)$'s main analysts recently are as follows:
The company reported results for the September quarter that met expectations, however, the guidance for the December quarter fell short of the consensus forecast.
The assessment of Kulicke & Soffa suggests that their recent Advanced Solutions win at a top-tier foundry, potentially TSMC, marks a significant milestone for the company, paralleling the success they had with Intel in 2021. This achievement could introduce a stable growth factor to what has traditionally been a volatile stock. Additionally, there's an optimistic viewpoint that Kulicke's wire bonding business is poised for a rebound starting in 2025, following a nearly three-year downturn, indicating an improved risk/reward scenario for the stock.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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