In a report released today, Charles Shi from Needham reiterated a Buy rating on Kulicke & Soffa, with a price target of $46.00.
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Charles Shi has given his Buy rating due to a combination of factors that indicate a positive outlook for Kulicke & Soffa Industries. The company reported fourth-quarter revenue that exceeded both guidance and estimates, with notable strength in the General Semiconductor and Memory sectors. This performance suggests improved utilization rates across various markets, although the Auto/Industrial sector is still catching up.
Looking ahead, the company provided guidance for the first quarter of fiscal year 2026 that surpasses both internal and consensus expectations, driven by anticipated growth in equipment and advanced packaging solutions. Kulicke & Soffa anticipates further growth in fiscal year 2026, fueled by a balanced mix of technological advancements and cyclical recovery. Additionally, the shipment of their first HBM4e system to a U.S. customer for qualification signals potential future opportunities. Consequently, the price target has been raised to $46, reflecting confidence in the company’s strategic direction and market position.
Shi covers the Technology sector, focusing on stocks such as KLA, Lam Research, and TSMC. According to TipRanks, Shi has an average return of 15.3% and a 49.59% success rate on recommended stocks.