Kulicke and Soffa Industries: Needham Keeps Buy Rating, Raises PT to $40.

Kulicke and Soffa Industries: Needham Keeps Buy Rating, Raises PT to $40.

Kulicke and Soffa Industries Inc (KLIC) reported quarterly adjusted earnings of 7 cents per share for the quarter ended June 30, down from 35 cents per share a year ago. The company's reported earnings per share (EPS) missed the mean expectation of five analysts, who had forecasted earnings of 5 cents per share. Wall Street had anticipated results to range from 5 cents to 6 cents per share [1].

Revenue for the quarter fell by 18.3% to $148.41 million, compared to $180.54 million a year ago, which was slightly below the expected revenue of $145.47 million. The company reported a quarterly loss of $3.29 million. KLIC shares have fallen by 6.5% this quarter and lost 30.6% so far this year [1].

Despite the disappointing earnings, Needham & Company has maintained its "buy" rating on the stock and raised its price target to $40 from $35. The analyst firm cited the company's strong cash position and potential for future growth in the semiconductor equipment and testing sector [2].

The mean earnings estimate of analysts had fallen by about 68.2% in the last three months, and there have been no earnings estimate revisions in the last 30 days. The current average analyst rating on the shares is "buy," with 4 "strong buy" or "buy," 2 "hold," and no "sell" or "strong sell" recommendations. The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy" [1].

Wall Street's median 12-month price target for KLIC is $38.50, about 16.6% above its last closing price of $32.11 [1].

References:
[1] Reuters. "Kulicke and Soffa Industries Inc Reports Results for the Quarter Ended June 30." https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TY3CS:0-kulicke-and-soffa-industries-inc-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[2] Needham & Company. "Needham Keeps Buy Rating, Raises PT to $40 on Kulicke and Soffa Industries Inc." (July 2, 2025)