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Technology Stocks : Semi Equipment Analysis

SOXX 306.55

+0.4%

Oct 31 5:00 PM EST

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From: Return to Sender	11/17/2023 9:18:41 AM
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Some Updates on KLIC - RtS - --B. Riley Raises Kulicke & Soffa Industries' Price Target to $56 From $52, Reiterates Neutral Rating 7:57 AM ET 11/17/23 \| MT Newswires -B. Riley Raises Kulicke & Soffa Industries' Price Target to $56 From $52, Reiterates Neutral Rating07:57 AM EST, 11/17/2023 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: mtnewswires.com Kulicke & Soffa 4.8% makes a nice move higher as it closes out FY23 on a strong note 11:11 AM ET 11/16/23 \| Briefing.com KLIC reported a nice EPS and revenue beat for Q4 (Sep). Revenue fell quite a bit, down 29% yr/yr but was up 6% sequentially. KLIC says the general semiconductor and LED end markets showed clear improvements in SepQ, and that was evident in the upside results.It also helped that KLIC increased its dividend slightly and it said that it has received multiple orders for its Thermocompression Bonding (TCB) systems, primarily supporting Silicon Photonics (SiPh) based Co-Packaged Optics (CPO) applications. KLIC expects a series of follow on CPO orders to support aggressive capacity expansion plans throughout FY24-25.

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