Kulicke and Soffa Industries (KLIC) PT Raised to $50 at TD Cowen

TD Cowen analyst Krish Sankar raised the price target on Kulicke and Soffa Industries (NASDAQ: KLIC) to $50.00 (from $45.00) while maintaining a Hold rating.

The analyst commented, "KLIC reported an in-line Sep Q, but the Dec Q's (seasonal) -9% Q/Q guide was below the Street view. Customer fab utilization rates were ~77% and the variable timing of China tool purchases could lead to Mar '25 revs +LSD%. A foundry customer (we believe TSM) selecting KLIC's TCB tool is a positive and view the stock setup as interesting given valuation and new $300M buyback plan. Maintain Hold."

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