Although high-flying growth stocks have sold off recently on interest-rate fears, many are in fact still expensive on traditional metrics. Of course, Micron is notoriously cyclical, so investors may be thinking we are nearing an inevitable peak.
Shares of semiconductor back-end equipment supplier Kulicke & Soffa Industries (NASDAQ: KLIC) rose 15.8% in April, according to data provided by S&P Global Market Intelligence. Although Kulicke and Soffa just reported earnings on May 5, it previewed better-than-expected earnings back on April 19, owing to the incredibly strong demand for semiconductors and LED screens across a wide range of industries. In April, Kulicke upped its guidance for the quarter ending in April to $340 million in revenue and $1.20 in adjusted earnings per share.
In the latest trading session, Kulicke and Soffa (KLIC) closed at $50.69, marking a +4.56% move from the previous day.