Linear Technology Earnings Boosted These 2 S&P 500 Tech Stocks
The S&P 500 (NYSEARCA:SPY) was up today by 1.05% and stands at 1,307. Here are three tech companies who outperformed.
Micron Technology Inc. (NASDAQ:MU) is in somewhat better shape, but it has been bleeding cash, and that could limit the extent of its financial support. Micron shares have rebounded from their October low. The stock bounced back from yesterday’s losses as chip makers were one of the strongest performing sectors of the day. MU shares recently traded at $7.65, up $0.49, or 6.84%. They have traded in a 52-week range of $3.97 to $11.95. Volume today was 48,907,162 shares versus a 3-month average volume of 31,506,600 shares. The company’s trailing earnings are $-0.17 per share.
Cable and connector maker Amphenol Corporation (NYSE:APH) earnings of 74 cents/share beat the Street consensus of 73 cents/share. APH shares recently traded at $53.56, up $5.29, or 10.96%. They have traded in a 52-week range of $38.98 to $59.11. Volume today was 4,628,564 shares versus a 3-month average volume of 1,396,400 shares. The company’s trailing P/E is 17.28, while trailing earnings are $3.10 per share.
Linear Technology Corporation (NASDAQ:LLTC): Though FQ1 EPS missed, the analogue chipmaker is guiding for FQ2 revenue growth of 4%-8% Q/Q, above a consensus for a 3% increase. LLTC shares recently traded at $33.32, up $3.45, or 11.55%. They have traded in a 52-week range of $25.41 to $35.97. Volume today was 11,518,629 shares versus a 3-month average volume of 2,665,940 shares. The company’s trailing P/E is 14.00, while trailing earnings are $2.38 per share.