Needham raised the firm’s price target on Kulicke & Soffa to $40 from $37 and keeps a Buy rating on the shares. The company reported a beat-and-raise quarter and guided the September quarter meaningfully up q/q, the analyst tells investors in a research note. The management also soft-guided December and March quarter revenue to be at a run rate similar to the just-raised September quarter level, which represents meaningful upside to estimates, the firm added.
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