5 Best Stocks to Buy According to Steven Baughman’s Divisar Capital

1. Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC)

Baughman’s Stake Value: $28,044,000
Percentage of Steven Baughman’s 13F Portfolio: 9.47%
Number of Hedge Fund Holders: 34

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) creates, manufactures, and sells semiconductor assembly equipment and tools. The company was founded in 1951 and is placed first on the list of 10 best stocks to buy according to Steven Baughman’s Divisar Capital. Kulicke shares have returned 176.90% to investors over the course of the past 12 months.

On August 6, Craig-Hallum analyst Christian Schwab raised the price target on Kulicke & Soffa to $88 from $64 and maintained a “Buy” rating on the shares. In a research note, Schwab told investors that the business announced better-than-expected second-quarter results. On August 4, Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) reported its earnings for the second quarter of 2021. It posted earnings per share of $1.87, beating the estimates by $0.51. In addition, the revenue over the period was $424.3 million, beating the estimates by $24.36 million. 

Steven Baughman’s Divisar Capital holds 571,042 shares in Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) worth over $28 million, representing 9.47% of their portfolio. The hedge fund has trimmed stakes in the firm by 19% in the past few months. Royce & Associates is a leading shareholder in Kulicke, with 2.80 million shares worth more than $171 million.

You can also take a peek at 10 Best Stocks to Buy According to John Paulson and Best Stocks to Buy According to Billionaire Barry Rosenstein’s Jana Partners

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