Semi Stock Week: Chipmaking stocks snapped a three-week slide. The hot stock of the week was TER., Business, Page 5
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Other similar topics highly read Semi Stock Week: Chipmaking stocks jump. RTEC took top honors, followed by UTEK, BESIY.PK... Author: G Dan Hutcheson (Fellow) Reads: 1224 | ||||||
| Page content: Keywords: stocks, semiconductor, chips, VLSI, equipment, chip-to-coffee ratio, TER,SOI.PA, STM, ASMI, KLAC, and VSEA. Summary: Semi Stock Week: Chipmaking stocks snapped a three-week slide. The hot stock of the week was TER followed by SOI.PA, STM, ASMI, KLAC, and VSEA. Chipmaking stocks snapped a three-week slide as improving economic data brightened the mood of investors. An unexpected rebound in manufacturing spurred the rally early in the week. That was followed by a better- than-expected employment report for August, which also included upward revisions to June and July numbers. Semiconductor stocks joined the broad rally, but they continued to underperform the market. The hot stock of the week was Teradyne, with a whopping 7% gainer. In the last three weeks alone, Teradyne's stock tumbled nearly 17%. So after sliding to a new low for the year and with a forward PE of 5 many investors felt that the stock was a bargain. The next three places were taken by SOITEC, ST Microelectronics and ASM International, all European companies. Last week the European Central Bank gave a more optimistic view of the euro area's economy, which boosted these stocks higher. KLA-Tencor came in fifth place as it announced the latest addition of its VisEdge family of products: the VisEdge CV300R-EP edge metrology and inspection tool. | ||||||
