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Enter Symbol:
 
Kulicke And Soffa Industries, Inc. (KLIC) [hlAlert]

Rating:
Outperform
KLIC
down 33.12 %

Kulicke And Soffa Industries, Inc. (KLIC) upgraded to Outperform with price target $11 by Oppenheimer

Posted on: Friday,  Jan 7, 2011  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform Kulicke And Soffa Industries, Inc. (NASDAQ: KLIC) on 01/07/2011. Previously Oppenheimer rated Underperform Kulicke And Soffa Industries, Inc. (NASDAQ: KLIC)
on 09/14/2010., when the stock price was $5.41. Since then, Kulicke And Soffa Industries, Inc. has gained 49.54% as of 01/07/2011's recent price of $8.09.
If you would have followed the previous Oppenheimer's recommendation on KLIC, you would have lost 33.12% of your investment in 115 days.

Kulicke and Soffa Industries, Inc. (K&S) designs, manufactures and markets capital equipment and packaging materials, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company?s customers primarily consist of integrated device manufacturers (IDM) and subcontractor assembly facilities. Subsequent to the fiscal year ended September 27, 2008 (fiscal 2008), the Company completed the sale of its Wire business to W.C. Heraeus GmbH (Heraeus), a precious metals and technology company based in Hanau, Germany. On October 3, 2008, K&S completed the acquisition of substantially all of the assets of Orthodyne Electronics Corporation (Orthodyne), a privately held company based in Irvine, California. Orthodyne is a supplier of both wedge bonders and wedges (the consumable product used in wedge bonding) for the power management and hybrid module markets.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2011 8:25 AM Buy
None
8.09 11.00
as of 12/30/2011
1 Week down  -1.38 %
1 Month up  1.64 %
3 Months up  23.99 %
1 YTD up  1.97 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/14/2010 8:25 AM Sell
None
5.41 5.00
4/14/2010 8:25 AM Buy
None
9.46 10.00
4/8/2008 8:25 AM Buy
None
5.60 5.00

(*) Stock Price at the time of the recommendation.
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