TD Cowen analyst Krish Sankar has maintained their neutral stance on KLIC stock, giving a Hold rating on July 31.
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Krish Sankar has given his Hold rating due to a combination of factors that reflect both positive developments and ongoing challenges for Kulicke & Soffa. The company’s recent quarterly results and guidance align with expectations, indicating a potential cyclical bottom in sales after a period of contraction. This is supported by improvements in sales trajectory and utilization rates, as well as advancements in next-generation products and potential benefits from a prior divestiture.
However, there are mixed signals that temper enthusiasm. The reuse of bonders and backend equipment during periods of softening demand, uncertainties related to tariffs, and limited exposure to the DRAM market present challenges. While there are future opportunities in HBM and potential expansion in the DRAM market, these are offset by competitive pressures. The outlook for the coming quarters suggests stable but not exceptional growth, justifying a Hold rating as the company navigates these mixed conditions.
In another report released on July 31, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $36.00 price target.