5 Best Rising Tech Stocks to Buy According to Hedge Funds

3. Trio-Tech International (NYSEAMERICAN:TRT)

One-month Return: 185.21%

Number of Hedge Fund Holders: 1

On May 14, Trio-Tech International (NYSEAMERICAN:TRT) stated that it expects increasing demand for its semiconductor back-end testing services, driven by customer programs involving advanced CPU and GPU computing applications as well as electric vehicle semiconductor technologies. In response to rising demand from North American and European semiconductor customers, the company announced the execution of a lease for an additional 104,000 square feet in Perai, Penang, Malaysia, significantly expanding its testing capacity for AI-related semiconductor services across Southeast Asia. Management also indicated that the company expects stronger contributions from its Industrial Electronics segment, supported by growing demand across industrial, aerospace, and commercial applications. The company reiterated its commitment to operational efficiency, disciplined capital allocation, and maintaining strong liquidity to support long-term profitability and expansion initiatives.

On the same day, Trio-Tech International (NYSEAMERICAN:TRT) reported third-quarter revenue of $16.5 million compared to $7.4 million in the prior-year period, reflecting substantial year-over-year growth. CEO S.W. Yong stated that the company benefited from sustained demand within its Semiconductor Back-End Solutions segment, particularly from customers developing advanced AI computing and EV automotive chips requiring high reliability and performance validation. Management also disclosed that after previously announcing approximately $5.3 million in orders for high-performance Burn-In Boards supporting next-generation AI GPU platforms, the company subsequently secured an additional $2.5 million in related orders. The company believes its expanding regional footprint, strengthened balance sheet, and growing semiconductor testing activity position it favorably for continued participation in high-growth AI and EV markets.

Founded in 1958 and headquartered in Van Nuys, Trio-Tech International (NYSEAMERICAN:TRT) provides semiconductor testing services, equipment manufacturing, and distribution solutions for semiconductor and industrial electronics markets. While maintaining corporate headquarters in California, the company also operates principal executive and regional headquarters in Singapore, supporting its extensive Asian semiconductor operations.