Kulicke And Soffa Industries Likely To Win Order From Leading Semiconductor Company, Says Bullish Analyst
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Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) shares were rising in early trading on Friday, after shedding more than 5% this week.
While reporting earnings, the company announced an order for fluxless TCB from “the world’s leading foundry,” which could be chipmaker Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM), according to Needham.
Analyst Charles Shi upgraded the rating for Kulicke and Soffa Industries from Hold to Buy, while establishing a price target of $55.
The Kulicke and Soffa Industries Thesis: Given in order, the company expects TCB revenues to grow by 40%-50% year-on-year in 2025, Shi said …
Full story available on Benzinga.com
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