Craig-Hallum analyst Christian Schwab maintains $Kulicke & Soffa Industries (KLIC.US)$ with a buy rating, and sets the target price at $50.
According to TipRanks data, the analyst has a success rate of 56.1% and a total average return of 13.6% 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 firm noted that Kulicke & Soffa reported results for the September quarter that were consistent with expectations, yet the guidance for the December quarter fell short of the consensus forecasts.
Analysts have recognized Kulicke & Soffa's significant achievement with their Advanced Solutions being implemented by a prominent foundry, which stands as the company's most substantial progress since a notable engagement in 2021. This development could potentially introduce a lasting growth impetus to a company traditionally known for its market cycles. Moreover, there's a sentiment that Kulicke's wire bonding segment, after nearly three years of downturn, may have reached a turning point and is anticipated to show improvement by 2025, signaling a favorable shift in the stock's risk/reward profile.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
