Tech growth investors may want to consider the following stocks, as they have improved their quarterly revenue and net income tremendously on a year over year basis.
JinkoSolar Holding Co Ltd
The first company to consider is JinkoSolar Holding Co Ltd (JKS, Financial), a Chinese producer of photovoltaic products.
The company saw its quarterly revenue grow by 45.7% year-over-year to 8.48 billion Chinese yuan ($1.2 billion) as of the first quarter of 2020, up from 5.82 billion Yuan in the first quarter of 2019. The net income grew by more than six-fold to 282.44 million Yuan, up from 40.19 million Yuan in the prior year quarter.
The stock price traded at $20.33 per share at close on July 21 for a market capitalization of $903.26 million and a 52-week range of $11.42 to $28.84.
JinkoSolar Holding Co Ltd does not pay dividends.
Wall Street recommends a hold rating for the stock with an average target price of $20.07 per share.
GuruFocus assigned a moderate rating of 4 out of 10 for the company’s financial strength and a positive rating of 6 out of 10 for its profitability.
DouYu International Holdings Ltd
The second company to consider is DouYu International Holdings Ltd (DOYU, Financial), a Chinese provider of an online platform for interactive games and entertainment live streaming in the People's Republic of China.
The company saw its quarterly revenue increase by 53% year-over-year to 2.28 billion Yuan as of the first quarter of 2020, up from 1.49 billion Yuan in the first quarter of 2019. The net income jumped by more than thirteen-fold to 260.45 million Yuan, up from 18.76 million Yuan in the prior year quarter.
The stock price traded at $13.44 per share at close on July 21 for a market capitalization of $4.27 billion and a 52-week range of $6.11 to $14.08.
DouYu International Holdings Ltd does not pay dividends.
Wall Street recommends a buy rating for this stock, with an average target price of approximately $14.10 per share.
GuruFocus assigned a very good rating of 7 out of 10 for the company’s financial strength.
Amkor Technology Inc
The third company to be under consideration is Amkor Technology Inc (AMKR, Financial), a Tempe, Arizona-based provider of turnkey packaging and test services to semiconductors manufacturers in the U.S. and internationally.
The company recorded a 28.5% year over year increase in its total revenue to nearly $1.2 billion as of the first quarter of 2020, up from about $895 million as of the same quarter of the previous year. The bottom-line result swapped to a net income of nearly $64 million in the first quarter of 2020 from a net loss of nearly $23 million in the prior year quarter.
The stock price was trading at $12.29 per share at close on July 21 for a market capitalization of $2.96 billion and a 52-week range of $5.40 to $15.25.
Amkor Technology Inc does not pay dividends.
Wall Street recommends a hold rating for this stock, with an average target price of $11.55 per share.
GuruFocus assigned a positive rating of 5 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.
Read more here:
- A Trio of Potential Bargains
- 3 Stocks That Have Grown Revenue Rapidly
- 3 High Yield Stocks for the Dividend Investor
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