Cowen & Co. analyst Krish Sankar maintained a Hold rating on Kulicke & Soffa (KLIC) on February 1 and set a price target of $22. The company’s shares closed on Friday at $22.01.
According to TipRanks.com, Sankar is a 4-star analyst with an average return of 6.2% and a 51.1% success rate. Sankar covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Kla-Tencor Corp, and MKS Instruments.
Kulicke & Soffa has an analyst consensus of Strong Buy, with a price target consensus of $27.75.
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The company has a one-year high of $28.69 and a one-year low of $17.40. Currently, Kulicke & Soffa has an average volume of 637.7K.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KLIC in relation to earlier this year.
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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.
