Seeking Alpha

Kulicke & Soffa higher on bullish B. Riley note

  • B. Riley (Buy, $16.50 PT) is a fan of Kulicke & Soffa's (KLIC +2.9%) valuation, and thinks earnings growth, capital returns, and advanced chip packaging improvements can act as catalysts.
  • Shares are near their 52-week high of $14.85. They took off in April due to Kulicke's strong FQ3 guidance, and prior to that on activist investor Lemelson Capital's call for a massive buyback.
  • Kulicke had $596.3M in cash/investments at the end of FQ2 (compares with a current market cap of $1.1B), and no debt.
This was corrected on 06/04/2014 at 10:47 AM.
Comments (1)
  • Daniel Niño
    , contributor
    Comments (59) | Send Message
    I think that their PT is $16,50
    4 Jun 2014, 10:44 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs