One company that should be on your radar is Supertex Inc. (SUPX). This stock of the Semiconductor and Integrated Circuits industry has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For SUPX's full year estimate, we have seen one estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from 84 cents a share a month ago to its current level at 90 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, SUPX has seen some pretty solid trading lately, as the company has moved higher by 7.1% in the past month.
If Supertex can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put SUPX on your watch list for the future.
Other better-ranked stocks worth considering in this space include Montage Technology Group Limited (MONT), NXP Semiconductors NV (NXPI) and ON Semiconductor Corp. (ONNN). All these carry a Zacks Rank #2 (Buy).
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SUPERTEX INC (SUPX): Free Stock Analysis Report
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Zacks Investment Research
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This positive shift in estimates has made some investors take notice and buy the stock. In fact, SUPX has seen some pretty solid trading lately, as the company has moved higher by 7.1% in the past month.
If Supertex can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put SUPX on your watch list for the future.
Other better-ranked stocks worth considering in this space include Montage Technology Group Limited (MONT), NXP Semiconductors NV (NXPI) and ON Semiconductor Corp. (ONNN). All these carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
SUPERTEX INC (SUPX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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