B.Riley FBR Keeps Their Buy Rating on Kulicke & Soffa

B.Riley FBR analyst Craig Ellis maintained a Buy rating on Kulicke & Soffa (NASDAQ: KLIC) today and set a price target of $34. The company’s shares opened today at $23.72.

According to TipRanks.com, Ellis is a top 25 analyst with an average return of 38.2% and a 81.8% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Silicon Laboratories, and Applied Materials.

Kulicke & Soffa has an analyst consensus of Hold.

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Kulicke & Soffa’s market cap is currently $1.68B and has a P/E ratio of 66.08. The company has a Price to Book ratio of 1.98.

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Kulicke & Soffa Industries, Inc. engages in the design, manufacture, and sale of tools used to assemble semiconductor devices. It operates through the Capital Equipment and APS segments. The Capital Equipment segment consists of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.