Kulicke & Soffa Industries (KLIC) Tops Q3 EPS by 50c; Guides Q4 Lower

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Kulicke and Soffa Industries (KLIC) PT Lowered to $55 at Cowen

August 4, 2022 12:39 PM EDT

Cowen analyst Krish Sankar lowered the price target on Kulicke and Soffa Industries (NASDAQ: KLIC) to $55.00 (from $68.00) while maintaining a Market Perform rating following earnings.

The analyst commented, "KLIC's guidance was worse than expected. But as we have seen with other semi names -... More