Kulicke & Soffa Ind Inc
Kulicke & Soffa Ind Inc
IBD Stock Analysis
- Broke out of cup-with-handle base at 57.60 buy point
- Has best-possible IBD Composite Rating of 99; RS Rating of 93
- Relative strength line is improving
Industry Group Ranking
Cup with Handle
* Not real-time data. All data shown was captured at
1:38PM EDT on
The company designs and manufactures equipment used to assemble semiconductor devices for the automotive, consumer, communications, computing and industrial markets.
Kulicke & Soffa is the top-ranked stock in IBD’s Electronics-Semiconductor Equipment industry group. It’s followed by Applied Materials (AMAT) and ASML Holding (ASML). The industry group is ranked No. 57 out of 197 groups that IBD tracks.
Breakout Follows Beat-And-Raise Earnings Report
On May 5, Kulicke & Soffa easily beat analyst expectations for its fiscal second quarter and guided higher for the current period. But KLIC stock dropped 10% after the report.
Revenue jumped 126% to $332 million from the year-ago period. Adjusted earnings soared 385% to $1.26 a share.
After hitting a low of 43.41 in mid-May, the stock is up 37%.
The semiconductor market is a key sector to watch because chips play a vital role in new technologies. Computer chips are the enabling technology behind a host of emerging trends, from the Internet of Things and 5G wireless to self-driving cars and artificial intelligence.
KLIC Stock Has A Strong Composite Rating
The IBD Stock Checkup tool shows that KLIC stock has a best-possible IBD Composite Rating of 99. The rating means the stock currently outperforms 99% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
The stock also has a Relative Strength Rating of 93. The rating tracks market leadership by showing how a stock’s price movement over the last 52 weeks measures up against that of all other stocks.
Its relative strength line, while not at a high, is climbing. The relative strength line tracks a stock’s performance vs. the S&P 500 index
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