Tech growth investors may want to have a look at the following stokcs, as they have posted significant year-over-year increases in their quarterly revenue and net income.
Advanced Micro Devices Inc
The first company that meets the above listed criteria is Advanced Micro Devices Inc (AMD, Financial), a Santa Clara, California-based global semiconductors manufacturer.
The company posted a 40.4% year-over-year increase in quarterly revenue to $1.786 billion as of the first quarter of 2020, up from $1.272 billion in first quarter of 2019. The net income was $162 million in the first quarter of 2020, up from $16 million for the same quarter of 2019.
The stock price traded at $56.39 per share at close on June 9 for a market capitalization of $66.04 billion and a 52-week range of $26.03 to $59.27.
Advanced Micro Devices Inc is not paying dividends.
As of June, five analysts on Wall Street recommend a strong buy rating for the stock, six recommend a buy rating, fifteen recommend a hold rating, four give an underperforming rating and one recommends a sell rating. The average target price is $53.90 per share.
GuruFocus assigned a very good rating of 7 out of 10 for the company’s financial strength and a positive rating of 5 out of 10 for its profitability.
Yandex NV
The second company that meets the above listed criteria is Yandex NV (YNDX, Financial). Based in the Netherlands, the company is an internet search engine provider for Russia and several other countries.
The company’s quarterly revenue grew by 26% year-over-year to 47 billion Russian rubles (about $604.7 million) as of the first quarter of 2020, up from ₽37.3 billion in the same quarter of 2019. The attributable net income increased by 66.4% to ₽5.861 billion as of the first quarter of 2020, up from₽3.522 billion.
The stock price traded at $41.99 per share at close on June 9 for a market capitalization of $13.76 billion and a 52-week range of $27.93 to $48.95.
Yandex NV does not pay dividends.
As of June, two analysts on Wall Street recommend a strong buy rating for the stock, seven suggest a buy rating, three recommend a hold rating and two give an underperforming rating. The average target price is $44.19 per share.
GuruFocus assigned a very good rating of 7 out of 10 for the company’s financial strength and a high rating of 9 out of 10 for its profitability.
Teradyne Inc
The third company that meets the above listed criteria is Teradyne Inc (TER, Financial).
Based in North Reading, Massachusetts, the company develops and manufactures automatic test equipment for use in several industries worldwide, including automotive, industrial, communications, computer, mobile phones, defense and aerospace and semiconductors.
The company saw its quarterly revenue grow by 42.6% year-over-year to $704.36 million as of the first quarter of 2020, up from $494.1 million in the first quarter of 2019. The net income increased by 61.4% to $176.2 million, up from $109.14 million in the prior year quarter.
The stock price traded at $74.87 per share at close on June 9 for a market capitalization of $12.41 billion and a 52-week range of $40.92 to $81.57.
Teradyne Inc is currently paying 10 cents per common share as a quarterly cash dividend. The next payment is scheduled to take place on June 19.
As of June, four sell-side analysts on Wall Street recommend a strong buy rating for this stock, another four recommend a buy rating and three suggest a hold rating. The average target price is $71.35 per share.
GuruFocus assigned a very good rating of 7 out of 10 for the company’s financial strength and a high rating of 8 out of 10 for its profitability.
Disclosure: I have no positions in any securities mentioned in this article.
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