UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Kulicke and Soffa Industries - Kulicke & Soffa Indus (NASDAQ:KLIC)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

In a report published Monday, Jefferies reiterated its Buy rating on Kulicke and Soffa Industries (NASDAQ: KLIC), and raised its price target from $15.00 to $18.00.Jefferies noted, “We believe that a cyclical trough is often a good buying opportunity. This time out, K&S' cost containment programme ($95m sales as breakeven), debt-free balance sheet (net cash $440m) and ongoing copper migration (30%+ of installed base) help to support profitability even in this tight DecQ. We continue to believe in cyclical FY13 recovery and thus reiterate our Buy recommendation but raise our PT to $18.”Kulicke and Soffa Industries closed on Friday at $12.59.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!