5 Semiconductor Stocks With Growth Potential

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In this piece, we will take a look at 5 semiconductor stocks with growth potential. For a background of the semiconductor industry and more stocks, head on to 10 Semiconductor Stocks With Growth Potential.

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

Number of Hedge Fund Holders: 28

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) is an industrial company that targets the semiconductor industry. It designs and sells tools to the chip companies involved in late-stage processes, such as packaging the semiconductors after they have been fabricated and cut into individual chips.

For its fourth fiscal quarter, Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) brought in $485 million in revenue and $2.17 in non-GAAP EPS, beating analyst estimates for EPS and meeting them for revenue. This highlighted improved cost efficiencies but signaled a tightening market. DA Davidson raised the company’s price target to $100 from $90 in September 2021, outlining that it expects Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)’s revenue to beat previous CAGRs due to demand for new technologies.

28 of the 867 hedge funds held a stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during Q3 2021 according to Insider Monkey’s research.


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