Seven technology stocks with high EPS YoY growth

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Seven technology stocks with high EPS YoY growth

 Seven technology stocks with high EPS YoY growth
Image source: VADISH ZAINER,Shutterstock

Highlights

  • Camtek Ltd. (NASDAQ: CAMT) has a P/E ratio of 41.89. Its EPS diluted rose 138% YoY.
  • Identiv, Inc. (NASDAQ: INVE) had cash and cash equivalents of US$36.37 million as of June 30, 2021. The stock gave a 114% return YTD.
  • Coherent, Inc’s (NASDAQ: COHR) net income per diluted share was US$1.22 for the quarter ended July 3, 2021. The stock price increased by 67.2% YTD.

The technology sector has seen robust growth this year. The Dow Jones US Technology Total Stock Market Index (DWCTEC) gave a 23.38% return YTD. Currently, there are some 800 technology companies listed in the US. Many stocks have seen decent YTD growth.

Here we explore seven technology stocks whose EPS more than doubled YoY.

Camtek Ltd. (NASDAQ: CAMT)

The Haemek, Israel-based Camtek provides software solutions for advanced packaging, CMOS Image sensors, micro-electromechanical systems, metrology and inspection equipment, etc.

Its market capitalization is US$1.8 billion, and its P/E ratio is 41.89.

Its revenue for the June quarter (Q2) of 2021 was US$67.45 million, compared to US$37.00 million for the same period a year ago. The diluted earnings per share were US$0.35, a 138% increase YoY, compared to diluted EPS of US$0.13 in the June quarter of 2020.

As of June 30, 2021, its cash and cash equivalents increased to US$189.3 million. Its liquidity reserves were US$169.9 million as of March 31, 2021. The stock gave 87.6% YTD.

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Identiv, Inc. (NASDAQ: INVE)

The company provides security technology that manages access to physical places, things, and information. The Fremont, California-based technology provider has a market capitalization of US$396 million.

For the June quarter of 2021, the company earned revenue of US$23.99 million compared to US$19.11 million in the prior year’s same quarter. The EPS diluted was US$0.09 for the June quarter this year against an EPS diluted of US$(0.17) for the corresponding period of 2020.

Its cash and cash equivalents were US$36.37 million as of June 30, 2021, compared to US$11.4 million as of December 31, 2020. The stock gave a 114% return YTD.

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Top technology stocks: Everspin Technologies, Amtech Systems, Coherent, Camtek Ltd., Identiv, Inc.

Source – pixabay

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Everspin Technologies, Inc. (NASDAQ: MRAM)

The Chandler, Arizona-based technology company provides magneto-resistive random-access memory (MRAM) products. Its market capitalization is US$120 million.

It earned US$11.85 million in revenue in the June quarter (Q2) of 2021, compared to US$11.83 million in the June quarter a year ago. The net income per share diluted was US$0.01 against a net loss per share diluted of US$(0.07) in the previous year’s corresponding period.

The cash and equivalents were US$14.2 million as of June 30, 2021, compared to US$14.6 as of December 31, 2020. The stock gave around a 35% return YTD.

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Amtech Systems, Inc. (NASDAQ: ASYS)

The Tempe, Arizona-headquartered company manufactures capital equipment such as thermal processing, wafer polishing, and related consumables, including silicon carbide and power chips.

Its market capitalization is US$172 million, and the forward P/E ratio is 79.87.

Its net income per share diluted for the quarter ended June 30, 2021, was US$0.03 compared to the net loss per share diluted of US$(0.01) for the same quarter the previous year. The revenue was US$23.1 million compared to US$15.22 million for the June quarter of 2020.

The cash and equivalents were US$37.04 million as of June 30, 2021, compared to US$45.07 million as of September 30, 2020. The decrease is due to changes in the exchange rate, working capital, acquisition of IDI.

The stock gave an 87.8% return YTD.

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Coherent, Inc. (NASDAQ: COHR)

The technology company supplies photonics-based solutions for research applications. It has two operating segments: OEM laser source and Industrial laser and systems. The Santa Clara-based Coherent Inc has a market capitalization of U$18.7 billion.

Its net income per diluted share was US$1.22 for the quarter ended July 3, 2021, against the net loss per share diluted of US$(0.36) in the same period a year ago. The revenue was US$395.8 million compared to US$298.3 million for the corresponding quarter of 2020.

The cash and equivalents were US$394 million as of July 3, 2021, compared to US$440 million as of October 3, 2020.

The stock price increased by 67.2% YTD.

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Top technology stocks: Brooks Automation & Grid Dynamics Holdings

Source – Pixabay

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Brooks Automation, Inc. (NASDAQ: BRKS)

Brooks Automation provides precision robotics, automation system, and contamination control systems to semiconductor fabrication plants. With a P/E ratio of 65.35 and a dividend yield of 0.42%, the company has a market capitalization of US$7.7 billion.

Based in Chelmsford, Massachusetts, the company earned revenue of US$315 million for the June quarter of 2021, compared to US$220 million for the same quarter the previous year. The net income per share was US$0.53 compared to US$0.19 in the previous year’s June quarter.

The cash and equivalents, restricted cash, and marketable securities were US$286 million as of June 30, 2021, compared to US$305.7 million as of September 30, 2020.  

The stock’s year-to-date return was nearly 51%.

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Grid Dynamics Holdings, Inc. (NASDAQ: GDYN)

GDYN is a digital transformation services company that supports other companies to create innovative digital products and experiences. The company is headquartered in San Ramon, California, and has a market capitalization of US$1.5 billion.

For the June quarter of 2021, the company reported revenue of US$47.68 million compared to US$22.37 million for the same period a year ago. Its net losses per share diluted were US$(0.03) and US$(0.04) for the June quarters of 2021 and 2020, respectively.  

As of June 30, 2021, Grid Dynamics had cash and equivalents of US$68.0 million compared to US$112.7 million on December 31, 2020.

The stock gave around 135% return YTD.

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Bottomline

Technology companies provide digital electronics, software solutions, computers, cybersecurity solutions, e-commerce, and internet-related services. They comprise a major component of the NASDAQ index. The NASDAQ 100 Technology Sector Index (NDXT) gave an 18.03% return YTD. However, investors must evaluate the stocks carefully before investing.

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