3 Buy The Dip Semiconductor Stocks To Scoop Up In May

For its fiscal year 2021 third quarter, ended March 31, the company’s revenue came in at $1.80 billion, which represents a 26.7% year-over-year increase. Its non-GAAP net income increased 53.7% year-over-year to $598 million. Also, its non-GAAP EPS increased 55.9% year-over-year to $3.85.

Analysts expect KLAC’s EPS to increase 45.8% year-over-year to $3.98 for the current quarter, ending June 30. It surpassed the Street’s EPS estimates in each of the trailing four quarters. Its revenue is expected to increase 28.6% year-over-year to $1.91 billion for the quarter ending Sept. 30. The stock has gained 92.8% over the past year and has been recently trading at around $319.70.

It’s no surprise that KLAC has an overall B rating, which equates to Buy in our POWR Ratings system. The stock has an A grade for Quality, and a B grade for Momentum. Click here to see KLAC’s ratings for Growth, Value, Sentiment, and Stability. KLAC is ranked #28 in the same industry as NXPI.

Skyworks Solutions, Inc. (SWKS)

SWKS, along with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products that include intellectual property in the United States and many other regions. Its product portfolio includes amplifiers, attenuators, demodulators, and detectors. The company provides for the aerospace, automotive, and broadband industries, as well as other areas.

SWKS announced on April 22 that it had entered an agreement with Silicon Laboratories Inc. (SLAB). It will acquire SLAB’s infrastructure and automotive business in an all-cash asset transaction valued at $2.75 billion. The acquisition is expected to accelerate SWKS’ expansion into the industry’s most important growth segments.

For its fiscal year 2021 second quarter, ended April 2, the company’s revenue came in at $1.17 billion, which represents a 53% year-over-year increase. SWKS’ operating income grew 87.8% year-over-year to $374.70 million. Its net income increased 79.4% year-over-year to $325 million. Also, its EPS increased 84% year-over-year to $1.95.

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