D.A. Davidson Reiterates Kulicke & Soffa Industries Buy, $20 PT

D.A. Davidson reiterated its Kulicke & Soffa Industries

Buy rating and $20 price target in a research report published today. In the report, D.A. Davidson states, "KLIC's market leadership position (>60% share in wirebonders, >90% share in copper wirebonders) should allow the company to remain at the forefront of the copper transition, which we believe has yet to fully materialize. Based on a low valuation, strong through-the-cycle cash generation and improving industry fundamentals, the risk-reward profile remains attractive." Shares of Kulicke & Soffa Industries were trading at $10.90 at the time of posting, down 2.77% from Monday's market close.