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Wire bonding and advanced packaging may not be attractive, but cricket & sofa (KLIC) and the vast array of semiconductor companies it serves, and the industries they serve, these products promise success. On Tuesday, the Kulicke & Soffa stock’s relative strength (RS) rating rose from 79 to 84, a move up to the higher percentile.
Kulicke & Soffa Stock A High Performer
An increased RS rating of 84 means that Kulicke & Soffa’s share price is above 84% of all stocks in IBD’s database. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. Market research reveals that the best performing stocks typically have an RS rating of 80 or higher when they initiate their biggest rally.
Based in Singapore, Kulicke & Soffa specializes in packaging and other products and services for semiconductor chip, light emitting diode (LED) manufacturers and electronic device manufacturers. The end markets served by the company’s products range from automotive to consumer, communications, computing and industrial markets. The semiconductor market is heating up these days, which could be good news for Kulicke & Soffa.
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Among other significant ratings, Kulicke & Soffa’s stock has a composite rating of 84 out of 99, an EPS rating of 72, and a strong B+ cumulative rating with A+ outperforming and E underperforming on a scale of A+ to E. / has a distribution rating.
Looking for fresh patterns to inspire orchids
Kulicke & Soffa shares fell to 35.95 in mid-October amid the 2022 bear market. It closed Tuesday at 51.39, down on the day but up 43% from its low. Additionally, although no specific pattern has yet formed, he is well above both the 50-day average and the 200-day line. See if the stock continues to form new bases like his 3-week tight pattern.
The stock watchlist contender posted lower growth in both sales and earnings last quarter versus a tough comp a year ago. The company said it will announce its first quarter results on the 2nd. On Nov. 16, management said it expects the company to report first-quarter earnings of about 20 cents a share on earnings of about $175 million.
Kulicke & Soffa’s shares rank 13th among peers in the electronic semiconductor equipment industry group. Aehr test system (AEHR) and Advanced energy industry (AEIS) is also one of the group’s highest rated stocks.
IBD’s proprietary RS Rating measures market leadership using a score of 1 (lowest) to 99 (highest). This shows how the stock price’s behavior over the past 52 weeks matches that of all other stocks.
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