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Investing.com - DA Davidson has reiterated its Buy rating and $55.00 price target on Kulicke and Soffa Industries (NASDAQ:KLIC) following the company’s quarterly earnings report.
The semiconductor equipment manufacturer delivered what DA Davidson described as a "beat and raise" quarter, exceeding market expectations and increasing its forward guidance.
The research firm highlighted that after several quarters of robust utilization rates, customers are finally beginning to place new orders with Kulicke and Soffa , following a period of delayed purchasing decisions.
DA Davidson attributed the previous ordering lag to tariff uncertainty but noted that customers have reached a point where they can no longer delay capacity expansion as most end-markets appear to be approaching a cyclical recovery.
The firm maintains a bullish outlook on Kulicke and Soffa stock, projecting strong growth over the next two years as the semiconductor equipment sector rebounds.
In other recent news, Kulicke and Soffa Industries Inc. reported better-than-expected financial results for the fourth quarter of fiscal 2025. The company achieved non-GAAP earnings per share of $0.28, surpassing the anticipated $0.22. This represents a 27.27% earnings surprise. Additionally, the company’s revenue reached $177.6 million, exceeding the forecasted $168.3 million. These results highlight a positive financial performance for the quarter. No other major developments, such as mergers or analyst rating changes, were reported. Investors may find these earnings and revenue figures significant as they assess the company’s recent performance.
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