D.A. Davidson Expects In-Line F4Q Results For Kulicke & Soffa Industries

In a report published Wednesday, D.A. Davidson analyst Thomas Diffely reiterated a Buy rating and $18.00 price target on Kulicke & Soffa Industries (NASDAQ: KLIC).

In the report, D.A. Davidson noted, “Our bullish view remains intact as KLIC should continue to generate meaningful cash flow as the gold-to-copper transition continues to unfold. Meanwhile, the company's ongoing work in advanced packaging and robust balance sheet positions KLIC for meaningful growth outside of the core business. Thus, we reiterate our BUY rating and $18 price target (~10x FY'15 EPS plus net cash).”

Kulicke & Soffa Industries closed on Tuesday at $14.35.