KULICKE & SOFFA (KLIC) Downgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research downgraded shares of KULICKE & SOFFA (KLIC) from OUTPERFORM to NEUTRAL on September 03, 2012, with a target price of $13.10.

Kulicke and Soffa Inds. designs, manufactures and markets capital equipment and packaging materials for sale to companies that manufacture and assemble semiconductor devices. They also service, maintain, repair and upgrade assembly equipment. They are one of the world's largest suppliers of semiconductor assembly equipment. The company's business is divided into three segments: equipment, packaging materials and advanced packaging technology.

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