Yahoo Finance Kulicke and Soffa (KLIC) Jumps: Stock Rises 20.4%
Kulicke and Soffa Industries, Inc. KLIC was a big mover last session, as the company saw its shares rise more than 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 29.8% in the past one-month time frame.
The move came after the company reported strong fourth-quarter financials.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Kulicke and Soffa currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Kulicke and Soffa Industries, Inc. Price
Kulicke and Soffa Industries, Inc. Price | Kulicke and Soffa Industries, Inc. Quote
A better-ranked stock in the Electronics - Manufacturing Machinery industry is Axcelis Technologies, Inc. ACLS, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is KLIC going up? Or down? Predict to see what others think: Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Axcelis Technologies, Inc. (ACLS) : Free Stock Analysis Report
Kulicke and Soffa Industries, Inc. (KLIC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
